Berlin-Reinickendorf | €129,999 (no agency fees) | Completely renovated, tenant moving out, investment opportunity.

45 sq m, 2-room apartment, 1st floor, balcony. Built in 1954. No commission fees.
Current base rent: €313.88 – €6.9 per sq m. The market rate is €15–€18 per sq m. This discrepancy makes this property a very attractive deal.
Here's the full picture:
The condition is poor: the kitchen, floors, ceilings, and bathrooms all require complete renovation. This is the reason for the price – and at the same time, it represents a significant opportunity. Because it brings the purchase price down to below €2,900 per sq m – in a market where comparable properties are selling for between €3,000 and €4,000 per sq m. The current tenant is elderly and will likely vacate the apartment in the medium term. From that point onwards: complete renovation, re-renting at market rates, resulting in a yield of 6–7% – or a sale with a profit margin. Depreciation can be claimed on the full extent of the renovation work.
Anyone familiar with property prices in Reinickendorf, who can accurately estimate renovation costs, and who understands the value of vacant properties in Berlin, will immediately recognize the potential here.

Berlin-Reinickendorf is a green, peaceful district in northern Berlin, with stable demand and solid infrastructure. The residential area is attractive due to its established community, good connections to public transport, and the proximity of schools, shops, and green spaces.

Reinickendorf is considered one of Berlin's greenest districts and offers investors a stable tenant base, while also boasting significantly lower entry prices compared to more central districts. Those who invest early can benefit from long-term appreciation.