- Immobilien
- Berlin
- Kreis Berlin
- Berlin - Kolonie Sandkrug I
- Commission-free: For sale, a 111 m² pre-war building offering a passive income opportunity, with 2 south-facing balconies, located in Prenzlauer Berg.
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Commission-free: For sale, a 111 m² pre-war building offering a passive income opportunity, with 2 south-facing balconies, located in Prenzlauer Berg.
Wichertstr. 69, 10439 Berlin (Prenzlauer Berg)Commission-free historic apartment with 111 sqm of living space, two southwest-facing balconies, and classic architecture from the Gründerzeit era, located in the desirable Helmholtz neighborhood of Berlin-Prenzlauer Berg. Commission-free - Investment Property in the Heart of Prenzlauer Berg
111 sqm Historic Apartment with Two Southwest Balconies. -- English-speaking and international buyers are welcome --
Further information, documents, and communication in English can be provided upon request. A valuable Berlin property asset for long-term investors – suitable for private capital investors, prospective owner-occupiers, and international investors seeking a euro-based real estate investment in a well-established urban location. The apartment is located on the 4th floor of a well-maintained Art Nouveau building dating from 1911 and has been stably rented since 1998. It is particularly suitable for long-term investors, prospective owner-occupiers with a realistic timeframe, and international buyers seeking a euro-based real estate investment in Berlin. Investment details:
- Purchase price: €810,000
- Living space: 111 sqm
- Number of rooms: 3
- Floor: 4th. Upper Floor
- Year of Construction: 1911
- Net Cold Rent: €773.31 / month
- Annual Net Rent: approximately €9,279
- Current Rent: approximately €6.97 / m²
- Service Charges: €353 / month (2025)
- Property Owners' Association Reserve: approximately €90,123 (as of 12/2024)
- Purchase Price / m²: approximately €7,300
- Buyer's Commission: 0%
This apartment is a long-term core asset in a prime location: a building from the early 20th century, excellent location, spacious apartment, two balconies, rental income potential, and strategic options for owner-occupation or resale. The current rent provides a conservative and stable foundation. For long-term investors, this creates a clear potential for rental income growth compared to current market rates in Berlin – within the framework of the law. The existing situation is well-organized, transparent, and well-documented. The apartment was converted into owner-occupied property in 1998 during renovations; there is currently no restriction on conversion after § 577a BGB. For future owner-occupation, the standard legal regulations apply, especially § 573 para. 2 no. 2 BGB. Due to the long rental period, the legal notice period is currently 9 months (§ 573c BGB). Conclusion:
Secure a strategic investment in one of Germany's most stable urban locations – offering reliable rental income, a solid building structure, and clearly demonstrable development potential. This combination of location quality, structural integrity, and long-term development potential is rarely available on the market. I would be happy to discuss further legal and financial details in a personal meeting and, if there is serious interest, I can provide the relevant documentation.
Are you interested in this apartment?
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Object Number
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OM-395580
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Object Class
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Apartment
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Object Type
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Apartment
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Is occupied
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Occupied
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Handover from
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By arrangement
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Purchase price & additional costs
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purchase price
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810.000 €
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Purchase additional costs
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approx. 58,753 €
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Total costs
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approx. 868,752 €
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HOA fee
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353 €
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Breakdown of Costs
* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs
Does this property fit my budget?
Estimated monthly rate: 3,002€
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By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net
Details
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Condition
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Well-kept
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Number of floors
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5
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Level
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4th floor
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Usable area
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5 m²
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Bathrooms (number)
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1
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Bedrooms (number)
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2
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Flooring
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Parquet
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Heating
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Central heating
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Year of construction
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1911
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Equipment
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Balcony, Terrace, Garden, Basement, Full bath, Fitted kitchen
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Infrastructure
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Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport
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Information on equipment
Features:
- 3 rooms / 111 m² living space
- 4th floor
- Year of construction: 1911
- Ceiling height up to approximately 3.25 m
- Two south-facing/southwest-facing balconies with garden views
- Original wooden flooring
- Stucco ceilings
- Bathroom with daylight and bathtub
- Built-in kitchen included
- Storage room in the basement
- Use of the inner courtyard/garden
- Central heating
- Energy efficiency class: D
- Well-maintained homeowners' association
- Building with 34 residential units in the main building and two side wings
- Minutes of homeowners' association meetings and documentation of reserve funds are available.
Maintenance / Building:
The building has been continuously maintained and modernized over the past decades.
- 1998: Extensive renovation and modernization measures, including central heating and hot water system.
- 2000: Conversion of the attic.
- 2009: Renovation of the balconies.
- 2014: Renovation of the basement ceiling.
- 2016: Redesign of the inner courtyard.
The combination of a solid existing building structure, ongoing maintenance, and a strong reserve fund reduces technical risk and strengthens long-term value.
Financial Details:
- Purchase price: €810,000
- Net cold rent: €773.31 / month
- Annual net rent: approximately €9,279
- Current rental rate: approximately €6.97 / m²
- Homeowners' association fees: €353 / month (2025)
- Homeowners' association reserve fund: approximately €90,123 (as of 12/2024)
Potential & Outlook:
The current rent is at a conservative level and offers a clearly recognizable rental surplus compared to the current market level in Berlin.
Location
The Wichertstraße is located in the highly desirable Helmholtz neighborhood of Berlin-Prenzlauer Berg, just a few steps from Schönhauser Allee, making it one of the most stable and sought-after residential locations in central Berlin. The immediate surroundings combine classic late 19th-century architecture, a well-established neighborhood character, and excellent infrastructure. Cafés, restaurants, weekly markets, shops, schools, nurseries, medical facilities, and several parks and green spaces are all within easy reach. The Helmholtzplatz, Kollwitzplatz, Arnimplatz, Humannplatz, Falkplatz, and Mauerpark are all quickly accessible. The Schönhauser Allee arcades are just a short walk away, conveniently meeting daily needs. Transportation links are excellent: the S-Bahn (suburban train), U-Bahn (subway), tram, and Schönhauser Allee ringbahn station are all within walking distance. The U2 subway line provides quick access to Alexanderplatz, and Mitte, Hackescher Markt, and Museum Island are also very well connected. The location is particularly attractive to investors: Prenzlauer Berg is known for its consistently high demand for housing, a limited supply of comparable apartments in historic buildings, and strong long-term rental potential. For international buyers, this represents a clear investment opportunity: a central location in Berlin, established infrastructure, a historic building stock, high demand, and long-term stability.
Location Check
Energy
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Final energy consumption
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115.10 kWh/(m²a)
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Energy efficiency class
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D
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Energy certificate type
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Consumption certificate
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Main energy source
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Gas
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Miscellaneous
- Listed building: no
- Located in the Pankow protected area.
- For sale directly from the owner, without commission.
- Sale in a tenanted condition.
- WEG (condominium) documents and reserve fund statements available upon request.
- Energy performance certificate: Class D (115.1 kWh/m²a, gas, consumption-based).
- Transfer of ownership negotiable.
This apartment is suitable as a solid investment property for buyers with a medium- to long-term investment horizon. It offers predictable income from the date of purchase, a well-maintained property, and a demonstrable reserve fund within the legal framework. For buyers with a long-term owner-occupancy or succession perspective, the property also offers an attractive option. The apartment was converted into condominium ownership in 1998 during the division and renovation and has been owned by the same person ever since. Therefore, the standard legal regulations for future owner-occupancy apply. The tenant has been informed about the sales process. The possibility of a change of ownership and potential future owner-occupancy have been discussed openly and transparently. The apartment is being sold with the existing tenancy agreement. The advertised purchase price refers to the sale with the existing lease agreement. The value of a comparable vacant apartment in this location is significantly higher, making this a solid and promising investment with long-term potential. International inquiries are welcome. Further documents and communication in English can be provided upon request. Next steps:
If you are interested, please send an inquiry with your complete contact details, including your phone number, and a brief explanation of whether you are considering the apartment as an investment property or potentially for personal use in the future. I would be happy to discuss the key points with you in a brief phone call, and if you are seriously interested, I will provide the available documents in a structured manner. Viewings:
Viewings are arranged in advance and are only possible with a demonstrable intention to purchase. As the apartment is currently occupied, viewings will be scheduled as well-prepared individual appointments. Proof of funding or capital may be requested before confirming an appointment. As the owner is currently abroad, viewings will be conducted by an authorized representative on site. Contractual agreements and pricing are handled exclusively directly with the owner. Please note:
The visualizations of the floor plans are for illustrative purposes only. Area and dimension specifications are approximate values. All information has been compiled to the best of our knowledge; the actual condition observed during a viewing and the contractual documents are the definitive sources. --- Real estate agent inquiries are expressly not welcome. ---
Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!
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