Description:
The offer covers 3 rented apartments with altogether 154 sqm floor space and 1 garage, 4 parking spaces. Livingroom, bedroom, bath, kitchen and balcony.
The total annual renting income amounts to 10.795,- p. a. incl. Garages.
The condominium comprises of total 96 apartments in 4 level houses, garages and parking places in a park area.
Total area: 15,794 sqm
The property was built in 1970 with quality materials.
95% of all dwellings are already sold to tenants, self owners and capital investors.
Location
The District Reinickendorf is in the northwest of Berlin. There are living about 250,000 townsfolk – comparable with cities like Kassel or Aachen. International companies like Borsig, Motorola, Oracle or OTIS are located in this area
2006 / 2009
Gross yield: 6,3 % / approx.7,2 %
Net yield: 4,2 % / approx.5,2 %
Rents now approx. 3 € /sqm
Rents can be increased every 3 years about 20 % according to the market (usual rents now: 4.50-5.50 /m²)
