Built in 1910, this Berliner Altbau is well maintained and boasts a beautiful façade with balconies facing the street. The building features the classic Altbau layout of a front building, side wings and a garden building, wrapped around a green, inner-courtyard. There are 22 flats in total, ranging in size from 1-4 rooms, and mostly featuring solid wooden flooring and ceilings decorated with historical stucco. All apartments above the ground floor in the front building have a street-facing balcony, with the middle flats boasting two balconies.
This studio apartment on the fourth floor of the garden house has a living area of 33 m² and features a separate kitchen. The flat in Berlin has been tenanted since 2010 with a current net rental income of EUR 186.54 per month. This equates to an annual income of EUR 2,238.48 and a corresponding yield of 1.66%. The division of declaration is from 2011.
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.
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This flat is located right in the heart of Friedrichshain, one of Berlin’s most sought-after neighbourhoods. Once simply a workers’ quarter, Friedrichshain has undergone significant development and is now renowned for its creative and trendy atmosphere. This property is situated just around the corner from the beloved Boxhagener Platz or ‘Boxi’, the prominent meeting point in the district which hosts a weekly farmer’s and flee market. The surrounding streets are filled with trendy cafés, restaurants, bars, ice-creameries and shops, offering countless options to meet with friends and lending the neighbourhood it’s colourful and bohemian charm.
Public transport connections to the rest of Berlin are fantastic. The M10 and M21 tram lines run close by, and the closest U-Bahn station Samariterstrasse is just 550m away. From here it’s a 7 minute ride on the underground U5 line to reach Berlin’s city centre, and large train station, Alexanderplatz.
The displayed property location is approximate