Wow effect: Just 4,200 euros/m² for refurbished investment property in Berlin-Friedrichshain.

82 m²

3 Rooms

4. Floor

The elegant old building at Rigaer Strasse 79, Berlin-Friedrichshain, was built in 1900 and consists of a front building and side wing with a total of 4 floors, 29 apartments, a commercial unit and an attic that is currently being planned. The property has a full basement. Each apartment has a basement storage room and a communal bicycle room.

The property was extensively modernized in 2002. Street and courtyard facades, cellars and stairwells were renovated. The courtyard areas were redesigned with the creation of play and recreation areas. The roof was re-roofed. The sanitary facilities and heating pipes were checked, renewed and insulated and the property was connected to the district heating network.

The kitchens and bathrooms in the apartments were reorganized and renovated. Sound insulation was improved in the front building and floorboards were refurbished where present. The rooms were completely refurbished. The electrical installation was carried out in accordance with DIN standards and VDE regulations.

Cellar

#7338 · Apartment

10247 Berlin · Friedrichshain

€342,720

2.98% incl. 19% VAT Buyer commission

The seller pays a commission in the same amount to Guthmann Estate GmbH.

Service charge: €73/mo.

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Property Details

Basic Information

Year Built: 1900
Floor: 4. Floor of 5
Living Space: 82 m²
Rooms: 3

Energy Information

Energy Certificate: Available
Energy Certificate Type: Energy Consumption Certificate
Issue Date: 25/08/2017
Valid Until: 24/08/2027
Energy Efficiency Class: C
Energy Value: 99.3 kWh/(m²·a)
Heating Type: Central Heating (District Heating)
Heating Costs: €127

Features

The offered unit is located on the 4th floor of the cross building between the first and second courtyard. Just about 81 square meters are divided into two large living rooms, a bedroom, kitchen, hallway and bathroom. Through a total of 7 windows, the unit is brightly lit at any time of day. In 2002, it was technically and visually modernized through an IBB funded renovation in accordance with the old building and with a purchase price of 4,200 EUR/m² this unit offers the best potential for the future as well as a high investment security. The entry price is approx. 25 -35% below the price of a corresponding vacant apartment.

Location

International hotspot in Berlin with a Western European flavor. Top 3 influxes in 2023: Italy, Spain, France. The Samariter Quartier in Berlin-Friedrichshain is an urban-central location that radiates into the neighboring neighborhoods.