Description
One room apartment of 49.31 m² with balcony. The apartment has large windows that bring plenty of natural light into the living space. The elegant style of the old building is reflected in the apartments themselves, with the high ceilings and wooden floors. The building is heated by a central gas system which was modernized in 2009. Also, the facades were renovated and repainted in 2018.
INVESTMENT INFORMATION
Asking price: € 179.600,-
The approximate yearly rental income is: € 3.789,6
Forecast gross yield: 2,11%
About
Osloer Str. 110 is ideally located between Osloer Str. Underground station and Bornholmer Str. subway station. This is exactly where the border between West and East Berlin used to be. This classic 1910 building has 26 residential and 3 commercial units. The front building and the side buildings extend over the 5 floors of spacious 1 – 5 room apartments. The size of the apartments ranges from 43 to 163 square meters. At the front of the building are two elegant staircases with wooden railings and beautiful, well-preserved wooden doors. Between the buildings is a small, cozy and green courtyard with bicycle stands. Some of the apartments in the front building have sun terraces.
Area
Wedding is one of the central districts of Berlin connecting the East and West of the city. It is located in the north center of the city and borders the Mitta neighborhood in the south, Charlottenburg in the west, Prenzlauer Berg in the east and Reinikendorf in the north. The demand for real estate in Wedding has visibly increased in recent years. Numerous projects are currently being renovated and modernized. Due to the proximity to the district Mitte, Wedding gets a more modern character. Until recently, mainly families lived here, but due to the population growth in the entire city and the steep price increases, more and more young people are attracted to the Wedding. This population layer brings the famous Berlin “hip” culture with it. In the Uferstraße, for example, a lively cultural scene has been developed in recent years: artists’ workshops, alternative theaters, cafés, and hipster pubs are to be found here. Despite the many parks and green areas, the Wedding is considered one of the most densely populated districts of Berlin. The largest public park is the Rehberge followed by Humboldthain Park with one of the most beautiful observation points in the city and the Schillerpark. In the Wedding, we pass three subway lines (U6, U8, U9) and four lines of the elite train, including the S41 / S42 ring lines. Moreover, there is a link with the tram between the Wedding and Prenzlauer Berg. The Berlin Ring Road ends at Seestraße and there is also the large and important railway station Gesundbrunnen, which offers long-distance lines outside of Berlin (RE3, RE5, RB20, RB66). The famous shopping street in the Wedding is Müllerstraße. In addition to large department stores can be found there a variety of small shops. Another interesting shopping center is at the crossroads of Brunnenstrasse / Gesundbrunnen in the center of Gesundbrunnencenter.
Property information
Property Type
House / apartment
Contract information
Fully rented