Weichselstraße 7 a/29, Berlin, Germany
Property
Description
An apartment in east Berlin of 43,3 m² located on the corner of Scharnweberstrasse and Weichselstrasse in Berlin-Friedrichshain. The apartment is being rented out for a montly fee of € 515,- and has good yield of 2,69%. Construction of quite a number of projects are planned along the river in the near future. This will definitely increase the value of properties and market prices in the neighborhood.
INVESTMENT INFORMATION
Asking price: € 229.900,-
The apartment is currently rented. The yearly rental income is: € 6.180,-
Forecast gross yield: 2,69%
BUILDING
BUILDING
A total of 40 residential units on five floors here at Trave Quartier are ready for new owners who wish to make their dreams of a buy-to-let investment in this trendy quarter in Berlin come true. Following its façade refurbishment, the building from 1987 shines in a cream-coloured hue with light brown highlights that will present the building’s language of form to advantage.
Floor plans with footprints of 42 to 68 square metres and with clever arrangements of their 1 to 3 bedrooms give you plenty of space to implement your ideas. Trave Quartier combines a high location quality with dwelling sizes that are very much in demand: Compact studio flats with combined living and sleeping areas provide singles, students or young couples with ample space to spread out.
In the 2-bedroom flats, the dining room connects to kitchen and living room, creating a spacious area that is conducive to spending time together. Families with children are optimally served by one of the 3-bedroom flats with their generously proportioned living room plus open-plan kitchen along with a master bedroom and a child’s room. Some of the residential units come with balconies that are simply great for having your breakfast together or for winding down in the evening. The multi-dwelling unit is accessed via three entranceways and heated by a central heating system. The rear of the building overlooks the green inner courtyard, which includes a bicycle parking space.
AREA
AREA
Friedrichshain is located in East Berlin. It borders the Prenzlauer Berg in the north, Kreuzberg in the south, and Mitte in the west.
Friedrichshain belongs to Friedrichshain-Kreuzberg, which is considered the most popular district of the city both, for entertainment and living. More than 270,000 people live here. The average age is 37.2.
After the fall of the Berlin wall, Friedrichshain mainly attracted young people who in the nineties used to occupy entire buildings and live there in communes. Thanks to this colorful and young population, the area became a lively entertainment scene and very popular among artists and students. Gradually, a more bourgeois society started moving here, which changed the character of the neighborhood. Today you will find here excellent restaurants, unique boutique shops, and a great variety of bars and clubs.
Most of the houses are classic, old buildings, however, buildings originating from the Soviet era and many modern constructions can be found here as well. A great number of hotels are located along the Spree River, which runs through the district.
In the near future, construction of quite a number of projects is planned along the river. This will definitely increase the value of properties and market prices in the neighborhood.
Although the neighborhood is quite heavily built-up, you will still find here the huge Volkspark Friedrichshain, a leisure oasis with countless sports possibilities, playgrounds and garden cafes.Public transportation is excellent: in addition to the S-Bahn (seven lines run east-west and four north-south) and the U-Bahn U1, U5, there are many tram and bus lines.
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