Highly solid investment property in Friedrichshain. Low entry price, great location, high appreciation.

The elegant old building at Rigaer Straße 79, Berlin-Friedrichshain, was constructed in 1900 and consists of front building and side wing with a total of 4 stairways, 29 apartments, a commercial unit and an attic which is currently in planning. The property features a basement. Each apartment has a basement storage room. Bicycle storage is available in the second courtyard and in the basement.

In 2002 the property was extensively modernized. We would be happy to provide you with a construction description if you are interested.

Common property: Complete makeover of the street and courtyard facade, makeover of the cellar with wire cellar boxes, complete makeover of the stairways, redesign of the courtyard areas with play and recreation areas. Partially new roof construction with roofing and insulation of the intermediate ceiling to the 4th floor. Inspection respectively renewal of the supply and sewage connections and connection of the building to the district heating network.

Apartments: Reorganization of kitchens and bathrooms with new equipment, sound protection improvement in the front building, plank floors reworked, complete renovation of the rooms, doors, walls and ceilings while maintaining stucco elements. Electrical installation according to DIN standards and VDE regulations.