Best location Friedrichshain - investment in stucco building
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Top location and excellent growth potential are two important characteristics of this investment opportunity in the northern part of Friedrichshain, in a very calm and leafy neighborhood.
The impressive corner building from around 1900 was built as residential and commercial building with shops and smaller offices in the ground floor. Between 1999 and 2000, it was completely refurbished. The works comprised the restoration of facades, staircases, windows, the roof, basement, pipes and the entire electrical system. It was connected to the district heating system.
The courtyard has been opened to the south, so it is very bright and leafy. The space of the former side wing was added to the courtyard. Most of the apartments in the building have balconies in the backyard.
The residential units were modernized in vacant status. They received new bathrooms, windows, and electrical systems. Old doors and floorboards have been obtained where possible.
Fund and property management always ensured a thorough and proactive maintenance. Accordingly both, common property and apartments, are in very good technical and optical condition.
Apartment sizes from 40 to 120 square meters are available. Please do not hesitate to ask for more information.
Please note that there exists an extended notice lock period of 10 years for the tenants after the conversion in home ownership and first sale.
The district Friedrichshain is popular and lively as well as leafy and very central.
The building is located in the northern part of Friedrichshain which is quieter than the streets south of Frankfurter Allee. This location offers a great number of green parks like Forckenbeckplatz, Blankensteinpark and Fennpfuhl.
Nightlife, bars, cafés and restaurants are only 10 minutes away by foot. Frankfurter Allee is the commercial center of Friedrichshain with lots of small shops and two shopping centers.
The underground station Samariterstraße (U5) and the S-Bahn station Storkower Straße (S41 /S42) are reached in a few minutes.