Cash Only Buyers! Located at the northern edge of the Kreuzberg district and close to the central district of Mitte, these buy-to-let residential units are part of an apartment block constructed in 1957 with a solid and well maintained structure. A new roof structure was installed in 1998 along with modernization of the facade (front and back) and windows, as well as installation of an all-new heating system including warm-water-supply. The whole building comprises 12 apartments.
The area around the Ritterstrasse is gaining increasing attention. Located near the famous Potsdamer Platz, all important facilities are close-by and fantastic entertainment possibilites abound with many cinemas, musical theatres and shopping opportunities around this beating heart of Berlin. Still, the area is a quiet and comfortable living area with the lovely Wassertor-Square just in front of the door. Public transport is available in the close vicinity, e.g. with the metro leaving from the station Kottbusser Tor. Kreuzberg itself is known as Berlin?s multicultural centre of Berlin with various cultures combining their characteristics into this vivid and lively atmosphere. This investment will give you much flexibility as it is a self-managed project. Property management services are not contractually guaranteed but will either be arranged for the investor or sourced on the open market directly.
Investing in Berlin is currently a hot issue among real estate experts. After the stagnation of property prices seen in the last decade, prices are just starting to adjust. Prices are forecasted to significantly increase over the next years and the overall situation provides for a risk-free investment with attractive rental income.
Germany, Berlin, Friedrichshain-Kreuzberg
One Bedroom 51m? to 64m? ?52,197 to ?64,384
Classic - Buy to Let
EXPECTED RENTAL INCOME UP TO: 8.71%
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