Investment property - potentially vacant - Tempelhof - 2-room apartment with kitchen and bathroom.

The multi-family building, constructed around 1910, is located at Friedrich-Franz-Straße 38, a quiet side street in Tempelhof characterized by traditional Berlin architecture. The building and its communal areas create a very well-maintained overall impression. Even the entrance area exudes a representative, classic building style. The staircase is distinguished by a decorative, historic ceiling, dark wooden handrails and classic wooden balusters, preserved wall paneling, and well-maintained stair treads. The carefully maintained communal areas seamlessly continue the historic style of the building. The green courtyard, featuring a pergola, bicycle parking, and seating areas, provides a pleasant communal outdoor space. The apartment is located on the right side of the ground floor (lower ground floor) of the front building. The well-proportioned layout includes two spacious living rooms, a large kitchen, a bathtub, and a practical hallway. Large, classic double-pane windows provide ample natural light. The well-preserved parquet floors give the living spaces a warm, authentic, classic building character. The kitchen has a gas connection for cooking. The bathroom was renovated in 2006 and is in good condition. It would be beneficial to repaint the area above the tiles, up to the ventilation window above the pantry. The heating is provided by a gas-powered central heating system, and hot water is supplied by a tankless water heater. The tenant is directly responsible for the costs associated with these utilities and settles them directly with the respective utility companies. Lease and Prospects:
The apartment has been rented to the current tenant since December 1, 2005. On August 1, 2025, the monthly base rent was increased to €650 with the mutual agreement of both parties. Particularly interesting for investors: According to § 556e BGB, when re-renting the property in the future, the previously agreed rent can generally be re-established. This provides greater certainty regarding the potential rent that can be achieved in the future. According to the tenant, they are actively searching for their own property. As soon as a suitable property is found, the owner is generally willing to terminate the lease agreement by mutual consent. In this case, the tenant expects a one-time payment. This has already been taken into account when determining the purchase price. Please note: An agreement to terminate the lease is neither guaranteed nor subject to a specific timeframe. Termination is conditional on the tenant finding a suitable property and subsequently, a separate, valid agreement being concluded between the parties. The monthly service charge is currently €171.42. This includes non-reimbursable costs of €56.46, as well as a monthly contribution to the maintenance reserve of €36.42, totaling €92.88. Heating and hot water costs, due to the gas-powered central heating system and on-demand water heater, are borne directly by the tenant and are not included in the service charge. Please note: The pictures have been edited to protect the tenant's privacy by removing personal items, excluding the furniture.