Multi-family house with 19 vacant apartments, renovated old building, sought-after residential area in Prenzlauer Berg, further expansion potential + 260 m2 (roof blank + basement) German : This expos is available in German, English and Russian.Social Media: The apartment building offered here is located in 10119 Berlin-Mitte (Prenzlauer-Berg) and was built around 1890.The property has a size of 486 m2, and a currently rentable total living space of approx. 1, 186 m2. In addition, there is the additional area of the roof blank with about 200 m2, which can be developed as a potential additional living space. The basement with an area of about 60 m2 can be expanded and used commercially or for residential purposes under certain circumstances, as the appropriate ceiling height is available as required by law.These are interesting, expandable and thus value-adding potentials that will have an impact on further rental income and the overall value-to-value ratio of the property.The total area that can then be rented out amounts to about 1, 446 m2 of living space.The area there was a redevelopment area until about 2014.The house was thus released from the renovation. The compensation or redemption contributions under restructuring law were paid by the owner in accordance with the BauGB 154.The basement with an area of approx. 60 m2 can be converted and used commercially or for living purposes under certain circumstances, e.g. an additional rental to a craftsman at a daily rate or similar use or another apartment tenant would be conceivable.In any case, the basement was apparently used in this way in the past.Corresponding connections for the sanitary facilities, among other things, are already in place.With the exception of two residential units that are still rented out of the entire portfolio of 19 apartments, all have successively become vacant. The last two apartments will be vacated in the course of this year, corresponding agreements with the tenant are/will be made.This multi-family apartment building has been owned by the same owner for about 25 years and has recently been completely divided (declaration of division).An energy certificate is available.The building has been owned by the seller for a long time, who was NOT presented with complete floor plans at the time of purchase and therefore no new ones were created in the further course.In total, the building offers 19 residential units with 44 rooms as follows;10 apartments are located in the side wing 9 apartments are located in the front main buildingThe residential building has recently been divided into individual apartments (declarations of division)The apartments are divided as follows:-14 apartments with 2 rooms each- 4 apartments with 3 rooms each- 1 apartment with 4 roomsThere are still no balconies and no elevator, but they can be retrofitted accordingly as in the neighboring houses and promise further value potential.The space for these extensions and conversions is available.According to the owner, the building permit will be granted.The individual apartments have fitted kitchens.The house or the stucco faade is not subject to monument protection.The central heating and water supply are powered by natural gas.The technical condition of the individual apartments is very good, and the furnishings are uniformly normal.Stucco in the apartments is not available.For the expansion of the roof blank and the existing basement, the rental income ratio is generated even higher, and therefore the return.According to economic calculations, the removed roof blank can bring in a further annual income of at least 50, 000 and the basement an additional 8, 000 according to the expansion and conversion.According to the owner, the roof blank will be issued a building permit.In total, the entire rental property can then bring in an annual income of about 300, 000.00 - 350, 000.00.A possible even higher income depends on the design and equipment of the additional areas, as well as
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