Solid investment opportunity in Berlin-Spandau: 19 apartments + commercial space | Potential for attic conversion.

For sale is a classic Berlin apartment building with a commercial unit, located in a central area of Spandau. The property offers a solid foundation, a stable rental situation, and significant potential for appreciation and development. The building was constructed in the early 20th century and comprises a total of 19 residential units and a commercial unit on the ground floor. The total living and usable area is approximately 1,402 m². The current annual net cold rent is approximately €144,000. One apartment has recently become vacant and can be brought up to market level with a new rental agreement, which would further increase rental income in the short term. In addition, there is significant development potential through a possible extension of the attic space. According to preliminary estimates, there is approximately 160 m² of development potential in the attic of the front building and approximately 160 m² in the rear building, for a total of approximately 320 m² of additional space. The existing mansard roof provides an interesting structural basis for this. The specific feasibility of obtaining planning permission must be verified by the buyer from a building law perspective. Furthermore, there is additional potential through possible rent adjustments in existing units, within the framework of legal requirements, as well as through optimization of the commercial unit. Overall, this is an attractive investment property with a stable income base, short-term potential for increased rental income, and additional building development opportunities.

The property is located on Brunsbütteler Damm in a desirable, urban area of Berlin-Spandau. The surrounding area is characterized by residential and commercial buildings, a diverse range of amenities, and excellent public transportation links (Spandau train station is very close by).