Property description
On the second floor of a well-kept residence building, a five-room apartment with an area of 178 square meters is offered for sale. The apartment is rented for an unlimited period at a monthly rent of 797 euros per month. 9564 euros per year.
The property yields 1.20%.
All units have large windows that let in a lot of natural light, and high ceilings making them look even bigger.
Building
An elegant old building with large windows and high ceilings, typical of the old style. The building has 13 apartments on 4 floors including mansard. In 2018 an elevator was installed in the house. The entrance hall has wall ornaments, marble floors and large wall mirrors that make space appear bright during the day. The stairwells are carpeted. Most apartments have a beautiful sun terrace overlooking the street. The building also has a backyard with bicycle storage.
The building located near two parks. In one there is a castle and a small river – Panke. The underground and S-Bahn station Pankow is just a few minutes’ walk from the house, so fast connection to all parts of the city. Trams and bus lines are also available here. In a central street very close, you will find cafes, restaurants, and shops.
Area
Pankow located in the north-east Berlin and considered as a privileged residential area of the middle class. In the past, many ministers and prime ministers of Germany lived here. Today, there are ambassadors and public figures from the arts, and politics among the inhabitants. The area is rich of green areas, parks, gardens and forests.
Residential areas include apartment buildings, large houses, and well-tended neighborhoods, as well as fashion shops and shopping centers. The Pankow has a very low unemployment rate and the percentage of families is the highest in Berlin.
In the center and in the west of Pankow there is an excellent public transport system, underground line U2, S-Bahn S1, S2. The tram lines M1, M2, M13 operate in the district and up to the Alexanderplatz. In addition, in the west and southeast of Pankow, many bus lines supplement and connect to the other links of public transport.
Due to its green character, the wide range of public transport and relatively cheap real estate prices and low rents, Pankow has become a particularly popular and attractive residential area for young families in the recent years.
The value of real estate in this district is increasing each year.
More details
- Assets not owned by the company – avoiding conflict of interest
- Property management services by a professional and experienced management company
- Attractive properties with adequate returns from the first day
- Assets recorded in the land register immediately after purchase
