Investment opportunity in excellent location
Built in 1955, this Berliner Altbau is located in Karl-Marx-Allee, right in the heart of Friedrichshain – a popular district in Berlin's former east. This 2-bedroom apartment on the third floor is spread over a spacious 87.22 m² (938.8 ft2) and features a large living room and balcony. All rooms have large windows and are well lit with natural light. The master bedroom has a large built-in wardrobe and opens up onto the lovely balcony. The apartment has been tenanted since 1991 with a net rental income of €558.22 (6.40 €/m²) per month. The average rent for this area in Berlin is currently 10.00 €/m². If you are interested in purchasing tenanted property in Berlin, please contact our friendly international team for more information or to arrange a personal consultation.
Karl-Marx-Allee has a great central location in Berlin’s Friedrichshain. Arguably the most “happening” district in the city, Friedrichshain boasts an abundance of trendy bars, cafés and clubs, as well as great shopping opportunities. In summer, the nearby Volkspark and the bank of the Spree provide a perfect place to while away a warm weekend afternoon. Transport connections are fantastic – Ostbahnhof is close at hand for both travel within the city and trains to other areas of Germany, and U-Bahn station Strausberger Platz is almost on the doorstep, linking you to Alexanderplatz in just three minutes.
Friedrichshain experienced steady population growth in recent years and his development is also reflected in the rental prices. Friedrichshain-Kreuzberg is one of the districts with the strongest rent increases in Berlin.
Black Label’s international team can offer advice on all stages of property purchase. Our team speaks fluent English, German, French and Mandarin. We work together with a team of English-speaking lawyers, notaries and mortgage brokers in Berlin, who are at hand to explain the financial and legal process of buying real estate in Germany.
We can provide you with a varied choice of properties to suit your needs - whether you plan to use it yourself or are looking for an investment.
We also offer property management packages for both furnished and unfurnished lettings, as well as a complete design and furnishing service tailored to your style.
Please get in touch with us now for more information.
The displayed property location is approximate