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 maintainedCash 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. Key selling points and investment justifications: Very central location close to popular Potsdamer Platz Only For Cash Buyer Thorough modernization - no maintenance issues in the next years Moderate risk investment as all apartments are tenanted District of Berlin with one of the best capital appreciation Purchase price is below actual prevailing market value Closing cost of approximately 8% including notary, solicitor, property tax and registration fees Ritterstrasse
Germany, Berlin, Friedrichshain-Kreuzberg

One Bedroom 51m2 to 64m2 - 52197 to 64384 euros
CLASSIC PROPERTY
EXPECTED RENTAL INCOME UP TO 8.71%