This classic Altbau in Friedrichshain has a lovely façade comprising of loggias, balconies and large, bay windows. The building’s entrance is particularly striking with the original floor tiles and extensive stucco decorations on the walls and ceiling. There are two green courtyards which provide a tranquil retreat from the busy, inner-city. Built in 1910, the Altbau consists of a front building, side buildings and garden building, with 30 flats in total. The apartments range from 1 to 3 rooms in size and boast characteristic high ceilings decorated with stucco, beautiful wooden floorboards (some even parquet), wooden cassette doors and modern, tiled bathrooms. All the flats in the front building have balconies, as well as some in the rear building.
This studio apartment is situated on the ground floor and has a living area of 31.8 m². This flat in Berlin has been tenanted since 2005 with a current net rental income of EUR 170.00 per month. This equates to an annual income of EUR 2,040.00 and a corresponding yield of 1.7%.
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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, M13 and M5 tram lines run just around the corner. The large S- and U-Bahn station Warschauer Straße is 650m away, from which you can quickly and easily travel around the city.
The displayed property location is approximate