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Berlin/Steglitz-Zehlendorf

Multi-family house and shed with a lot of potential on 1200 m² plot in top location Steglitz-Zehlendorf

This combined multi-family house with coach house in the pleasant Berlin district of Steglitz-Zehlendorf provides the best proof that the Berlin real estate market continues to offer excellent opportunities. The residential house built in the Wilhelminian period on the quiet street and the extended coach house on the rear part of the property are an investment with highly interesting development potential not only because of their excellent location and the good substance.

Key data
Living area 685.00 m²
Cellar 89.80 m²
Usable floor area 278.00 m²
Area of plot 1,200.00 m²
Total area 986.00 m²
Main features
Parking space
Balcony
Cellar
Prices & availability
Sold
Top-Lage Berlin/Steglitz-Zehlendorf Vorderhaus und Remise bieten gemeinsam knapp 685 m² Wohnfläche
Neun Wohneinheiten auf 1.200 m² Grund

Multi-family house and shed with a lot of potential on 1200 m² plot in top location Berlin/Steglitz-Zehlendorf

On the evenly cut property, a residential house with four representative loggias and arched dormers was completed about 100 years ago, which is committed to the architecture of the Art Nouveau. Today it comprises eight residential units, evenly distributed with two apartments each over four floors. Another apartment is located in the rear building. Together, the front building and the shed offer just under 685 m² of living space. There is also around 160 m² of additional rentable space.

In the exterior as well as in the interior of the residential building, many original architectural elements can still be found. However, over one hundred years of use and conversion have left their mark on the property. Some of the roof and windows have been renovated in the past decades, but there is room for optimization. With well-planned interventions, modernizations, embellishments or even conversions, the somewhat aging house can be transformed into a highly functional and extremely attractive property. This investment opportunity offers the best conditions for various investments: whether development and sale or portfolio maintenance or simply as a safe deposit.

The location is particularly interesting because of its short distances to important local supply and educational facilities, to the city centers of Berlin and to the surrounding countryside. Supermarkets, daycare centers, elementary schools and buses are within walking distance, and high schools, subway and commuter train stations, as well as the urban center of Steglitz can be reached quickly by bicycle. The Ku’damm is about 20 minutes away by car, the center Unter den Linden is hardly more. If you want to go further afield, it’s only a good 1 kilometer to the autobahn and about a 25-minute drive to BER airport.

Basic data

Purchase price
Price upon request
Type
Investment
Year built
1918
Location
Quiet residential area
Living area
685.00 m²
Business ­premises
128.00 m²
Office space
23.00 m²
Usable ­floor area
278.00 m²
Total ­area
986.00 m²
Plot of land
1,200.00 m²
Number of floors
4
Residential units
9
Number of commercial units
1
Number of office units
1
Number of garages
7
Number of outdoor parking spaces
8
Net annual rent (ACTUAL)
57,155 €
Net annual rent (TARGET)
93,323 €
Price-to-rent ratio (ACTUAL)
37.6×
Factor (TARGET)
23×
Yield (ACTUAL)
2.66
Yield (TARGET)
4.34

Main features

Condition
Needs redecorating

Special features

Garage

Do you have any questions?

We would be delighted to talk to you and provide you with advice, whether by telephone or in person at our offices. You can reach us Mondays to Fridays from 10am – 6pm and by appointment.

Phone:
+49 30 5884 4780

Email:
office@semmelrock-immobilienagentur.de

Vielen Dank, [salutation] [firstname] [lastname]. Wir melden uns umgehend bei Ihnen.