Multi-family house with 19 vacant apartments, renovated old building, sought-after residential area in Prenzlauer Berg, further expansion potential + 260 m2 (roof blank + basement) *German : This exposé is available in German, English and Russian. Social Media: https:// ... /avimmobilienberlin/ https:// ... /avimmobilienberlin/ The apartment building offered here is located in 10119 Berlin-Mitte (Prenzlauer-Berg) and was built around 1890. The property has a size of 486 m2, and a currently rentable total living space of approx. 1,186 m2. In addition, there is the additional area of the roof blank with about 200 m2, which can be developed as a potential additional living space. The basement with an area of about 60 m2 can be expanded and used commercially or for residential purposes under certain circumstances, as the appropriate ceiling height is available as required by law. These are interesting, expandable and thus value-adding potentials that will have an impact on further rental income and the overall value-to-value ratio of the property. The total area that can then be rented out amounts to about 1,446 m2 of living space. The area there was a redevelopment area until about 2014. The house was thus released from the renovation. The compensation or redemption contributions under restructuring law were paid by the owner in accordance with the BauGB §154. The basement with an area of approx. 60 m2 can be converted and used commercially or for living purposes under certain circumstances, e.g. an additional rental to a craftsman at a daily rate or similar use or another apartment tenant would be conceivable. In any case, the basement was apparently used in this way in the past. Corresponding connections for the sanitary facilities, among other things, are already in place. With the exception of two residential units that are still rented out of the entire portfolio of 19 apartments, all have successively become vacant. The last two apartments will be vacated in the course of this year, corresponding agreements with the tenant are/will be made. This multi-family apartment building has been owned by the same owner for about 25 years and has recently been completely divided (declaration of division). An energy certificate is available. The building has been owned by the seller for a long time, who was NOT presented with complete floor plans at the time of purchase and therefore no new ones were created in the further course. In total, the building offers 19 residential units with 44 rooms as follows; 10 apartments are located in the side wing 9 apartments are located in the front main building The residential building has recently been divided into individual apartments (declarations of division) The apartments are divided as follows: -14 apartments with 2 rooms each - 4 apartments with 3 rooms each - 1 apartment with 4 rooms There are still no balconies and no elevator, but they can be retrofitted accordingly as in the neighboring houses and promise further value potential. The space for these extensions and conversions is available. According to the owner, the building permit will be granted. The individual apartments have fitted kitchens. The house or the stucco façade is "not" subject to monument protection. The central heating and water supply are powered by natural gas. The technical condition of the individual apartments is very good, and the furnishings are uniformly normal. Stucco in the apartments is not available. For the expansion of the roof blank and the existing basement, the rental income ratio is generated even higher, and therefore the return. According to economic calculations, the removed roof blank can bring in a further annual income of at least € 50,000 and the basement an additional € 8,000 according to the expansion and conversion. According to the owner, the roof blank will be issued a building permit. In total, the entire rental property can then bring in an annual income of about € 300,000.00 - € 350,000.00. A possible even higher income depends on the design and equipment of the additional areas, as well as the possible balcony extensions and elevator. There is also further potential in the existing rental apartments, depending on the higher quality furnishings to be updated. No easements are entered in the land register extract. The owner takes over the management of the apartment building himself. The owner always paid for any repairs, among other things, from his own cash flow, which was covered by the full rental status and the very good rental income. Accordingly, there is no economic plan, the redistribution is carried out according to the legal requirements. The multi-family house real estate property complex offered here was built in 1890 and extensively renovated in the years 1998-2020. The following work was carried out; -All drain risers have been renewed with new SML pipes -All electric risers have been renewed -New hot water risers -New heating risers -New condensing heating system installed to supply the apartments with heating energy and hot water -All water pipes have been renewed -All electrical wiring in the house and apartments has been renewed -Tap-proof intercom and bell system installed -Broadband cable system installed for all apartments -Sewage pipes from the house to the street were renewed -The roof was renewed with double engobed roof tiles -Supply lines have already been led up into the attic and prepared to be able to expand the attic later, as follows: *Water *Hot water *Drain *Electric *Intercom *Broadband cable -Stucco façade has been restored -All windows were renewed with insulating glass windows -Stairwells have been renovated -Linoleum floor in the stairwell has been renewed The apartments were gradually extensively renovated when tenants changed. In many apartments, the walls and ceilings were elaborately filled, sanded and painted. The district of Mitte has 101,932 inhabitants (as of 30 June 2019) and includes the postcode areas 10115, 10117, 10119, 10178 and 10179. Fehrbelliner Straße is located in the north of Mitte (Prenzlauer Berg) with the postcode 10119 and is about 934 meters long and the limited speed limit here is 30 km/h. Local traffic: -Zionskirchplatz: 200m -Rosenthaler Platz: 300m -U Rosenthaler Platz: 400m -Brunnenstraße/Invalidenstraße: 400m -U Rosenthaler Platz: 400m The infrastructure here is optimal and thus completely complete. *Interested parties in this ad: For inquiries, we ask for complete sender information. Please include address, telephone, fax and e-mail. We ask for your understanding that without the aforementioned information, shipping is unfortunately not possible. All data and information available to us are based on the information provided by the owner or come from property documents and are reproduced here to the best of our knowledge. Errors and prior sale are reserved. The legal binding effect arises exclusively from a purchase contract concluded by a notary. *Would you like to sell your property? We may already have a buyer for you, as our customer network has stored the corresponding search profiles both nationally and internationally. We accompany you professionally with your property in all technical and legal processes related to the sale of your property. We advise you with our experience in the realistic valuation of your property and the joint purchase price determination. Of course, we will accompany you through the sales procedure until the handover of the property.* You can find more attractive offers of vacant and rented condominiums and other real estate properties at: ... We also have a sustainable network of financing options to support our customers in our properties. You are also welcome to reach me by phone directly at ... Aleksander Vukas, Real Estate Specialist, Real Estate Economist AV Immobilien Berlin - Real Estate Consulting & Agency Features: - Balcony
