Amsterdamerstr. 7

The Building

Amsterdamerstr 7, Apartments for Sale in Berlin 

• Great micro-location minutes walk from metro station – 10 minutes from the heart of Berlin.
• Classic Altbau property undergoing renovation by Inspiration.
• Gentrifying area, short walking distance to Universities and Hospitals.
• Located on a quiet street in the best micro-location in Wedding – Leopold Kiez.

The property

This beautiful classic Altbau property was constructed in 1905.

Renovations of the facades, stairwells landscaping of the courtyard, and technical repairs to the building’s infrastructure are underway. The property is connected to the modern central district heating system.

The Building’s image gallery:

The Area

The property is located in Leopold Kiez in Wedding neighborhood, one of the most developing areas in Berlin, situated north of the governmental quarter in the heart of the city.

Amsterdamerstr and the surrounding streets are lined with beautiful periodic buildings and residents enjoy the charming Leopold park situated minutes away. Fashionable coffee shops and lifestyle venues are sprouting up in the near vicinity.

Amsterdamerstr is located in a designated residential area with a speed limit of 7 km/hr in some of the adjacent streets, an additional boon for families with children.

Quick access to the heart of the city – 15 minutes away via metro – make this location a ‘best buy.

The Apartments

There are 22 apartments and 2 commercial units in the property.

Apartment sizes range between 30 SqM studios to 55-75 SqM, 1 and 2 bedroom apartments, and one large 95 8 of the apartments are high demand vacant apartments.

The Apartments’s image gallery:

Property Management

In Inspiration Group we believe that purchasing the property is only the first step in the investment. Managing it successfully and optimizing yields, independent of market conditions, is what determines the overall performance of the investment.

For this reason we offer our investors a complete management package, and have founded our own maintenance company:

We directly manage the apartments and the building, collecting from the tenants rent and taxes, and perform regular maintenance of the property.

• Supervision over the apartments and tenants.
• Locating new tenants in case of termination of lease. We will ensure the the quality of the tenants and the new lease.
• Raising of rents in accordance to legal regulations.
• Analysis of market trends, consulting investors concerning resale opportunities and strategies.
• Vacating of tenants in accordance regulations.
• Renovation of apartments.
• Marketing and reselling.
• Refinance services.

Financing

An initial payment of 20% of the purchase price will be deposited into a notary account within a week of signing the contract. The Additional 80% will be deposited in the account after the sale of all apartments, following a notice from Inspiration Group. In the case of taking a loan, the 2^nd deposit will determined according to the sum of the loan taken.

Loans

It is possible to receive a 40%-50% loan from a German bank. Our investment consultants will assist you in choosing the most suitable loan.

Additional Services

We have created a one stop management package for our investors which includes: re-renting apartments, brokaerage services, supervision of refurbishments, opening bank accounts, submitting tax returns, etc.