Investment Property in Sought After Neighbourhood

€ 470,380

Property Specification

Ref: BB413.15
Price per m²: € 4,463
Size: 105m²
Floor: 4
Bedrooms: 2
Bathrooms: 1
Type: Apartment
Status: Tenanted
Rent Yield: 1.13%%
Year Built: 1900

2 Bedroom Apartment in Neukölln


The house in the Schillerpromenade 6 at Herrfurthplatz with its 38 apartments was built around 1900 and has 6 floors (including basement and to be built attic). In the attic further 3 apartments in high-quality construction are realized. Community property will be renovated and modernized by mid-2020. Balconies will be renovated and rebuilt, the building will get a lift, the front will return to its beautiful appearance, the windows will be replaced, the electrical system will be rebuilt to the existing apartments, the heating system will be renewed, the staircases will be renovated and much more. The old-style apartments are sold in the current state.

About Neukölln, Berlin

At  Herrfurthplatz, old  Berlin  has been  preserved. The  upper middle-class  buildings and the wide Schillerpromenade with  the large  plane trees  give  an  idea  of how it once was  here.  Today it  is the Schillerkiez with weekly market (Schillermarkt),  cafes and a lively family  life.  It  is striking  how  many families with  children live  here.  The atmosphere of old  times  has been  preser- ved and is  revived.  Just  around the corner is  the Tempelhofer  Feld.  The  former airport area was  adopted by  the Berliners for cycling,  seating, jogging,  events - in  short:  as a leisure oasis. Such  a large field  in  the  middle of a  big  city is  unique .