Multi-family house with 19 vacant apartments, renovated old building, sought-after residential area, further expansion potential + 260 m2

Berlin, Weinbergsweg

House with flats • 44 Bed. • 19 Bath. • 1186.09 m² • Ref: 339

Multi-family house with 19 vacant apartments, renovated old building, sought-after residential area at Prenzlauer Berg, further expansion potential + 260 m2 (roof blank + basement) *german : This exposé is available in German, English and Russian.

The apartment building offered here is located in 10119 Berlin-Mitte (Prenzlauer-Berg) and was built around 1890. The plot has a size of 486 m2, and a currently rentable total living area of approx. 1,186 m2. In addition, there is the additional area of the roof blank with about 200 m2 which can be expanded 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, as the corresponding 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 ratio of the property. The then possible total area for rent amounts to approximately 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 renovation law were paid by the owner in accordance with BauGB §154. The basement with approx. 60 m2 area can possibly be converted and used commercially or for living, e.g. an additional rental to a craftsman at the daily rate or similar use or another apartment tenant would be conceivable. In any case, the basement was apparently used in the past. Corresponding connections for the sanitary facilities are already available. With the exception of two still rented residential units from the entire portfolio of 19 apartments, all have gradually become vacant. The last two apartments will be vacated in the course of this year, appropriate agreements with the tenant have been / will be made. This MFH tenement house has been owned by the same owner for about 25 years and has recently been fully divided (declaration of division). An energy performance certificate is available. The building has long been owned by the seller, who at that time was NOT presented with complete floor plans at the time of acquisition and thus no new ones were created in the further course. In total, the building offers 19 accommodation 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 was recently 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 no balconies and no elevator yet, but as in the neighboring houses, they can be retrofitted accordingly and promise further value potential. The space for these extensions and conversions is available. The building permit will be granted according to the owner. In the individual apartments are each fitted kitchens available. The house or house. the stucco façade is "not" subject to monument protection. The central heating and the central water supply are powered by natural gas. The technical condition of the individual apartments are very good, the equipment evenly aligned normally. Stucco in the apartments is not available. For the removal of the roof blank and the existing basement, the rental income ratio is generated correspondingly 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 receive a building permit. Overall, the entire rental property can then bring in an annual income of about € 300,000.00. A possibly 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 equipment to be updated. No easements are entered in the land register extract. The management of the apartment building is taken over by the owner himself. Any repairs, among other things, were always paid for by the owner from his own cash flow, which was covered by full rent and the very good rental income. As a result, there is no economic plan, the redistribution takes place according to the legal requirements.

The multi-family house real estate 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 replaced by new SML lines -All electric risers have been renewed -New hot water risers -New heating risers -New condensing boiler 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 raised to the attic and prepared to be able to expand the attic later, as follows: *Water *Hot water *Drain *Electric *Intercom *Broadband cable -Stucco façade was restored -All windows have been renewed by 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 Mitte has 101,932 inhabitants (as of 30 June 2019) and includes the postal code areas 10115, 10117, 10119, 10178 and 10179. The Fehrbelliner Straße is located in the north of Mitte (Prenzlauer Berg) with the postal code 10119 and is about 934 meters long and the limited speed 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 completed.

*Those interested in this ad: For inquiries, we ask for complete sender information. Please include address, telephone, fax and email. We ask for your understanding that shipping is unfortunately not possible without the aforementioned information. **In the further procedure for the property a proof of liquidity is required.** All data as well as information available to us are based on the information provided by the owner or originate from property documents and are reproduced here to the best of our knowledge. Errors and prior sale are reserved. The legal obligation arises exclusively from a notarially concluded purchase contract. *You want 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 around 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 accompany you during the sales procedure until the handover of the object.* Further attractive offers of vacant and rented condominiums and other real estate objects can be found at: We also have a sustainable network of financing options to support our clients in our properties. You are also welcome to reach me by phone directly at +49(0)176-84055531. Aleksander Vukas, Real Estate Specialist, Real Estate Economist AV Immobilien Berlin - Real Estate Consulting & Agency




Living1186.09 m²
Land486 m²
Total1446 m²

Weinbergsweg, Berlin

Construction year1890
Energy efficiency rating