Free of commission: Valuable old building jewel / 2 south-facing balconies rented investment - Prenzlauer Berg

Investment Property in the Heart of Prenzlauer Berg
111 sqm Historic Apartment with Two Southwest-Facing Balconies
Investor Prospectus: ohne-makler.net/immobilie/file­/1594131/
- For more information in English, please contact us -
Spacious 111 m² historic property, a real gem, with 2 balconies facing southwest, located in the desirable Prenzlauer Berg area. Continuously rented since 1998, currently occupied by a single person (established lawyer). The property is very well-maintained, with reliable rental payments and clear communication. This is a commission-free investment opportunity for investors who value substance, stability, and sustainable development. Investment Key Figures (ACTUAL):
- Purchase Price: €810,000
- Living Area: 111 m²
- Net Cold Rent: €773.31 / month
- Annual Net Rent: approx. €9,279
- Current Rent Level: approx. €6.97/m²
- Service Charges: €353 / month (2025)
- Reserve Fund for the Owners' Association (as of 12/2024):
approx. €90,123
The purchase is commission-free, which significantly reduces investment costs compared to offers that include agent fees. The current yield is moderate due to the rent, which has been adjusted gradually over many years. At the same time, this property offers a rare combination of a reliable rental situation and significant development potential. The building has been continuously maintained and modernized in recent decades:
- 1998: Extensive renovation and modernization measures, including a new central heating system and hot water supply.
- 2000: Expansion of the attic space.
- 2009: Renovation of the balconies.
- 2014: Renovation of the basement ceiling.
- 2016: Redesign of the courtyard.

The combination of a solid existing building structure, ongoing maintenance, and a strong reserve structure reduces technical risk and strengthens the long-term value of the investment. Rental development with a clear perspective:
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The current rental rates are below the market average for comparable properties in good locations (approximately €11-€12.5 per square meter).
- In the short term, a legally permissible rent increase of 15% is possible.
- In the medium term, further adjustment potential exists within the framework of legal regulations.
- In the long term, the market average in this location is significantly above the current rental rates. This property is specifically targeted at investors with a medium- to long-term outlook, who prioritize structural development and sustainable value stability over short-term profit maximization. Features and Quality of the Unit:
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- 3 rooms | 111 m² living space | 4th floor
- Ceiling height up to 3.25 m
- Two southwest-facing balconies with garden views
- Original wooden floors and stucco ceilings
- Bathroom with bathtub and natural light
- Fitted kitchen
- Storage room in the basement
- Well-maintained homeowners' association
- Energy class D
The apartment combines classic quality of a pre-war building with long-term suitability for rental. Location:
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Prenzlauer Berg has been one of Berlin's most stable residential areas for years. The micro-location is characterized by established infrastructure, green spaces, restaurants, and sustainable demand. Long-term rental potential is considered secure in this segment. Conclusion:
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This pre-war gem is a strategic investment in one of Germany's most stable urban locations – with a reliable rental situation, solid construction, and clearly demonstrable development potential. This combination of location quality, construction, and long-term development potential is rarely available on the market. We will be happy to provide further documentation to serious interested parties.

Wichertstrasse is located in the sought-after Helmholtzplatz neighborhood of Prenzlauer Berg, just a few steps away from Schönhauser Allee - one of Berlin's most sought-after micro-locations.

- Prenzlauer Berg in Berlin's north-east is certainly one of the capital's most sought-after districts.
- Chic old buildings, hip restaurants, cafés and bars as well as various parks and green spaces characterize the image of this inner-city district.
- It also has an excellent infrastructure.
- This area also offers more cultural opportunities than any other district in the city.
- Whether improv comedy, theater or shows: two cinemas within walking distance, numerous cabarets, exhibitions and galleries offer entertainment and variety.
- Educational institutions of all disciplines and levels, as well as medical care centers, are of course also available.
- The apartment is very close to Helmholtzplatz.
- The weekly markets there and at Kollwitzplatz are particularly popular and can be reached via lush green streets through the neighborhood.
- You will find numerous shops and service providers in the immediate vicinity.
- The popular Kastanienallee is barely a ten-minute walk away.
- The property has excellent connections to Berlin city center via streetcar, S-Bahn and U-Bahn. Public transport connections: train, S-Bahn, U-Bahn, streetcar | Schönhauser Allee (approx. 2 minutes on foot)

Property description
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The prestigious apartment is located in Prenzlauer Berg, in the middle of the trendy Helmholtz Kiez, one of the most sought-after and charming residential areas with beautiful old buildings, cafés, bars, restaurants and parks with many young families from all over the world. Prenzlauer Berg is the largest area of Wilhelminian-style old buildings in Germany. The district is characterized by picturesque squares and streets. Everything is really possible right on your doorstep here: whether it's a walk in the park, a cappuccino in your favorite café, a beer in the trendy pub, shopping in the organic food store or dinner at the Italian restaurant next door. Schools, kindergartens and medical care centers are all within walking distance. The 'Berlin Schönhauser Allee' train station is also just a few minutes' walk away. From there, you can be at Alexanderplatz or Potsdamer Platz in no time. An insider tip for children is the Felicio puppet theater, which is only 300 meters away. Arnimplatz, Humannplatz and Helmholtz Platz are also in the immediate vicinity. The Schönhauser Allee Arcaden is also less than 5 minutes' walk away, where you can buy all the everyday necessities. For jogging in the park, walks or a picnic, Falkplatz and Mauerpark are also in the immediate vicinity. At the same time, the connection to the city center is second to none, as you can be at Alexanderplatz in 12 minutes on the U2 underground line, and the Schönhauser Allee Ringbahn station is also just a stone's throw away. You can also reach Hackescher Markt and Museum Island in a short time by bike on the well-developed cycle path along Schönhauser Allee.