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- No commission | Multi-family house with district heating in a trendy neighborhood.
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No commission | Multi-family house with district heating in a trendy neighborhood.
12043 Berlin (Neukölln)The property at Wilhelm-Busch-Straße 21 is a fully occupied multi-family building built in 1964, comprising twelve apartments spread across six floors. Situated on a 498 m² plot, it offers a total rental area of approximately 620 m². The apartment sizes range from 35 m² to 69 m², precisely meeting the dominant demand in the area.
A distinctive feature of this well-maintained building is that all apartments have balconies – a characteristic that is far from standard for buildings of this era and significantly enhances its rental appeal. An elevator provides access to all floors. The current annual net cold rent is €68,114, with existing rents starting at €6.49/m², offering potential for future increases. Heating is provided via district heating, and the distribution station dates back to 2006.
Are you interested in this offer?
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Object Number
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OM-489449
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Object Class
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Apartment building or investment property
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Object Type
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Apartment building
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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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1.375.000 €
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Purchase additional costs
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approx. 98,867 €
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Total costs
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approx. 1,473,866 €
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Price per m²
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2,215.21 €
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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: 5,518€
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Details
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Condition
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Well-kept
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Number of floors
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6
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Total area
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620.7 m²
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Net rental income (target) p.a.
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68113 €
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Net rental income (actual) p.a.
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68113 €
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X-times rental income
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20.19
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Number of units
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12
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Heating
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Central heating
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Year of construction
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1964
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Equipment
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Balcony, Elevator, Barrier-free
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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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Location
The property is located in the Neukölln district, the urban center of the similarly named borough. In recent years, this neighborhood has developed into one of Berlin's most desirable residential areas, characterized by a vibrant culinary and cultural scene, the Landwehr Canal, and numerous green spaces.
Public transportation links are excellent: bus lines 171 and M41, as well as the Karl-Marx-Straße subway station (U7), are within a few minutes' walk, providing access to the entire city. The Buschkrugallee highway entrance (A100) is approximately ten minutes away by car.
All essential shops, doctors, schools, and kindergartens are located in the immediate vicinity. Restaurants, bars, and clubs, just a few minutes away, make this location particularly attractive to young tenants.
The nearby Tempelhofer Feld – Berlin's largest open space on the site of the former airport – offers opportunities for jogging, cycling, skating, barbecuing, or simply relaxing in the sun. The combination of a central location, short distances, and a high quality of life ensures the continued high demand for rental apartments in this area.
Location Check
Energy
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Energy certificate type
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Consumption certificate
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Main energy source
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District heating
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Energy consumption value
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159.00 kWh/(m²a)
Energy consumption for hot water included |
Miscellaneous
Real estate agent inquiries are expressly not welcome. This offer comes directly from the owner. Only qualified inquiries with a phone number, email address, and complete contact information will be processed.
EM Real Estate GmbH
Kurfürstendamm 185
10707 Berlin
Tel: +49 30 610 820 031
Registered Office: Berlin, Managing Director: Jakob Mähren
Charlottenburg District Court (HRB 221938 B)
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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