Project name
District
Lettable area
Net rent
Factor
Price
Northern Friedrichshain, fully rented
Friedrichshain
2044 m²
132.324 €
14,36
1.900.000 €
This investment property in the Eberty street is located in a small side street in Friedrichshain and is constructed on a 870m² large site. The five-story apartment-building consists of a front house, a side and a back complex. There are 31 apartments and one additional commercial unit. The property was modernized during 1993/1994 in some parts. Part of the renovation works were renewal of the drainpipes, the electric system, bathrooms and kitchens and the installation of an elevator as well as the exchange of some old wooden windows. Most of the apartments have a balcony. In the front building the top floor is already developed. For half of the apartments there is a central heating system. The remainder is outfitted with single-storey heaters.
With its lively youth and cultural scene Friedrichshain is in particular liked by young people and students. The architecture of this district is shaped by classy restored old buildings of the Wilhelminian era. To relax and recover the ‘Volkspark Friedrichshain’ is close by. Relating to the good infrastructure of Friedrichshain and the positive development of the neighboring districts Prenzlauer Berg and Kreuzberg, Friedrichshain experienced an economic boom and gained in importance. As a result, plenty of different restaurants, Cafés and new inhabitants moved here.