Multifamily building with vacant units – investment property or redevelopment project.

Multi-family building with vacancies – investment property or redevelopment project.
The total area after renovation will be 741 m², with 630 m² of living space.
The current living space is 480 m² and the current total area is 613 m².
The building contains 6 apartments and 3 garages.
The projected rental income is €156,960.
There is a proposal for a comprehensive renovation project costing €630,000.

Option 1: The homeowners' association carries out the renovation and sells the property for 18 times the renovation cost.
Option 2: Sell the multi-family building in its current condition for €1.4 million.

The multi-family building is located in the heart of Hermsdorf, a diverse and well-established neighborhood that offers both urban amenities and green spaces. The location boasts excellent infrastructure and a high quality of life, making it attractive to a variety of residents.

Transportation:
* Subway: The Rathaus Reinickendorf (U8) and Alt-Tegel (U6) subway stations are just a few minutes away, providing quick connections to central Berlin and important transportation hubs.
* Bus: Several bus lines (e.g., 124, 133, 220) operate nearby, complementing the subway network.
* Private Vehicles: Proximity to the A111 highway ensures quick access to the regional road network. Central Berlin is also easily accessible by car.

Infrastructure and Surroundings:
* Shopping: Numerous supermarkets (e.g., Edeka, Rewe, Lidl), pharmacies, and specialty stores for daily needs are located in the area. The Hallen am Borsigturm offer additional shopping and service options.  Education and childcare: Kindergartens, primary schools, and secondary schools are within walking distance or a short drive away.
 Healthcare: Doctors, pharmacies, and clinics in the surrounding area ensure comprehensive medical care.
 Leisure and recreation: Tegel Lake, green spaces, and other recreational facilities in Reinickendorf are easily accessible.
 Food and beverage: A diverse range of cafes, restaurants, and snack bars offer a wide culinary selection.