Quiet one bedroom apartment for sale in Berlin-Charlottenburg This beautiful Altbau apartment in Riehlstrasse is an excellent investment opportunity: great annual return and good growth potential. The flat is located on the ground floor of the back building, with the bedroom facing the quiet, inner courtyard. The current monthly rent is €250.00 excluding utilities. The rental income could be increased following renovation work to the bathroom, flooring and windows. We estimate that the overall renovation costs would range from €15,000-20,000. A rental increase to €333.50/month has already been announced, however is not yet in effect. The current rental return for this apartment is 3.51% per year, making this flat a very good investment opportunity. This annual return will increase to 4.04% if the tenant agrees to the rent increase* *(Information is subject to change, the example rental return is calculated as follows: Annual net rental income after deduction of additional costs / purchase price x 100 = rental return of X%) The property requires further financial investment, which is collected via a monthly maintenance fee. The current maintenance reserve is approximately €100K. The elevator and cellar are well maintained and were recently repaired and refurbished. The stairwell will be renovated next. This apartment is a fantastic opportunity for a long term investment. The owner can also claim self-usage, however please contact our team directly on +49 30 679 486 46 for more details and to answer any questions about investing in Berlin. Additional Information Black Label's international team can offer advice on all stages of property purchase, from the financial benefits of buying property in Germany to the step by step process of acquiring your new home or investment. Our team speaks fluent English, German, French and Mandarin, and works together with a team of English-speaking lawyers, notaries and mortgage brokers in Berlin. We can provide you with a varied choice of properties to suit your needs. Just send us your search specifications, including: - Property style - Budget - Location - Investment or own use For advice on financing your Berlin property purchase, please get in touch with a member of the team.
Objectdata
Object ID: 275
Property Type: Apartment, Ground floor apartment
Address: 14057 Berlin / Charlottenburg
Floors in building: 4
Living area approx:: 50 m2
Rooms: 2
Bedrooms: 1
Bathrooms: 1
Balconies: 1
Heating system: Gas heating, Teleheating
Year of construction: 1910
Condition: Modernised
Status: tenanted
Maintenance fees: 147 EUR
Buyer's commission: 7.14% of the purchase price including tax Including Tax
Net rent: 290 EUR
Purchase price: 99,000 EUR