Renovated condominium with old-world charm - capital investment Berlin is considered a global city of culture, media, politics and science. Despite its almost 3.7 million inhabitants and the associated urban growth, around a third of Berlin's area is made up of green spaces, parks, lakes and rivers. In addition to the worldwide fame of its architecture and nightlife, the city is also an important educational center in Germany. The local universities and research institutions enjoy international fame and thus attract people from a wide variety of cultures. Between being one of the continent's tourist hotspots and the many isolated city centers, Berliners have managed to combine village and metropolitan character. The house is located in Berlin-Lichtenrade in the southernmost part of the Tempelhof-Schöneberg district. Here you can enjoy the advantages of an inner-city location as well as the advantages of the rather quiet outskirts of the city. The Herthateich nature reserve and the "Nachtbucht" are just a few minutes' walk from the property. You can also reach the lively Bahnhofstrasse in the neighborhood, with its numerous shops for everyday needs. Doctors and pharmacies, schools and other training centers and, last but not least, the various leisure opportunities are also in the immediate vicinity. The Lichtenrade S-Bahn station (S 2) and various bus connections are within walking distance and from there you can get to Berlin city center comfortably and in little time. *CAPITAL INVESTORS or STUDENT PARENTS take note* The apartment building with old-world charm was built in 1906 in conventional solid construction on a plot of land measuring approx. 1,282 m². The house consists of 4 floors including a converted attic, has 10 residential units and has a full basement. Original stucco elements have been preserved in the stairwell. A soundproof wall facing the railway line was built in 2023. This spacious 4-room apartment (combined from 2 2-room apartments) has an eat-in kitchen, a living room and two further rooms. In addition, two balconies ensure the right feel-good factor and allow the apartment to be flooded with daylight. The entire apartment was renovated in 2022. The bathroom, ceilings and walls, floors and electronics were modernized. • Old building with high ceilings • Stucco elements in the stairwell • New heating 2018 • Full thermal insulation facade 2019 • Cellar compartments • Near Lichtenrade S-Bahn station • Balcony extension 2020 An energy requirement certificate is available. This is valid until June 6, 2029. Final energy requirement is 97.70 kwh/(m²*a). The main energy source for heating is gas. According to the energy certificate, the year the property was built is 1906. The energy efficiency class is C. A high capital gain is possible through the "real estate" investment. Investing in real estate is generally profitable in both the short and long term: rental income can generate an immediate return. In the long term, an increase in the value of the land and house or apartment can often be expected. Investing in real estate is relatively safe from inflation Inflation minimizes assets in the long term because money gradually loses its purchasing power. By investing in real estate, you can avoid this effect because land prices and rental income generally continue to rise. Real estate as an investment enables high income from rents In areas with high demand, rental income can be gradually increased while complying with the rent cap and the capping limit in order to increase the return. Especially if you buy an apartment in one of the popular metropolitan areas such as Berlin - i.e. where property prices and rents continue to rise.
Legal references
Characteristics
Energy and Risks
