Berlin - Neukoelln
Kannerstr.

Another excellent apartment house in the Neukoelln area of Berlin. The original building dates back to 1902 and has had significant updates since. The four storey building has a full basement on a plot size of 276m2. Both the attic and building façade have been renewed. Eight of the ten apartments (651m2) have balconies and overall the property presents very well. Nine of the centrally heated apartments are tenanted producing a yield of 5.6% which would increase to 6.4% with all ten apartments occupied.

Neukoelln has its own extensive range of shops, bars and restaurants. The areas around Sonnenallee and Karl-Marx Strasse offer excellent local facilities easily reached on foot. The location is very well served with public transport options offering quick transfers to central Berlin.

The purchase price excludes commission at 7.14% including tax.