Investment Opportunity with option for future self-usage in top location: Berlin-Friedrichshain This 2-bedroom apartment is located on the first floor of a classic Berliner Altbau. Erected in 1901, and completely refurbished in 1998, the building is spread over flour floors. This well cut apartment offers a large living room with separate kitchen, two bedrooms and a separate shower room. The date of division declaration is 1998. The apartment is currently tenanted with a net rental income of €400/month excluding utilities, equating to an annual yield of 1.81%. There would be opportunities to improve this through permitted rent increases up to the rent cap for the area and through modernisation of the apartment. The current tenant has been living in the flat since 2000. If the new owner intends to claim self-usage, the legal notice period would be 9 months after their claim is accepted. For more information about this please visit: https://blacklabel-properties.com/your-questions-answered/self-usage-but-its-tenanted/ Additional Information Black Label's international team can offer advice on all stages of property purchase. Our team speaks fluent English, German, French and Mandarin. We work together with a team of English-speaking lawyers, notaries and mortgage brokers in Berlin, who are at hand to explain the financial and legal process of buying real estate in Germany. We can provide you with a varied choice of properties to suit your needs - whether you plan to use it yourself or are looking for an investment. We also offer property management packages for both furnished and unfurnished lettings, as well as a complete design and furnishing service tailored to your style. Please get in touch with us now for more information.
Objectdata
Object ID: 615
Property Type: Apartment
Address: 10249 Berlin / Friedrichshain
Floors in building: 4
Living area approx:: 65 m2
Area approx.: 65 m2
Rooms: 3
Bedrooms: 2
Bathrooms: 1
Units: 25
Heating system: Geothermics
Year of construction: 1901
Condition: Partly/fully refurbished
Status: tenanted
Maintenance fees: 168.00 EUR
Buyer's commission: 7.14% of the purchase price including tax Including Tax
Net rent: 400.00 EUR
Purchase price: 265,000 EUR