Driesener Straße 3

The Building

Driesener Straße. 3, Berlin Prenzlauer Berg – Prime Location Apartments for Sale in the Heart of Berlin  

• Great micro location in one of Berlin’s most popular neighborhoods
• 1-4 room Apartments in a Classic Altbau Building
• Discount prices – apartments below market average – strong capital gain potential.
• Situated on a quiet street adjacent to Mauer Park and Arnim Platz.
• The property is being renovated by Inspiration.
• Secure investment in high demand area with a complete management suite.

The property

This 24 apartments Altbau property was built in 1910, and is currently being renovated by Inspiration Group. The modernization of the building includes the renewal of the property’s facades and balconies, as well as renewal of the guttering and refurbishment of the basement.
The beautiful Stucco engravings which decorate the building will be preserved as part of the modernization work.
Individual water heating systems are installed in each apartment.
Units in the property range between 1-4 room apartments.
All apartments are being marketed at discount prices compared to the neighborhood.

Altbau Architecture

Altbau Architecture is characterized by a passion for detail and quality, idiosyncratic of the German Imperial era beginning in the 1860’s and culminating in the first decades of the 20th century.
Buildings often vaunt arched doorways, hardwood floors, ornamented stucco elements, balconies, and ceilings reaching a height of 3.5 meters.
The unique characteristics of Altbau buildings were lost in later decades as industrialized and functional designs became architecturally dominant.
The combination of location – most Altbau buildings are situated in Berlin’s inner ring – and their unique design, render Altbau properties highly attractive to Berlin’s young professionals and international investors.

The Building’s image gallery:

The Area

The Centrally located neighborhood of Prenzlauer Berg, adjacent to Mitte, is one of the most popular and expensive neighborhoods in the city, attracting young affluent residents, in particular young families.

A large number of restaurants, coffee shops, galleries, pubs and boutique stores create the unique life style characteristic of Prenzlauer Berg.

Driesener Straße 3 is located on a quite cul-de-sac with beautiful classic Altbau buildings. Schonhauser Allee metro stations are just a short walk away from the property.

• Prime location in Prenzlauer Berg – one of Berlin’s most popular neighborhoods.

• Excellent micro-location on quite street near famous Mauer Park and Arnim Platz .

• Minutes away from U-Bahn and S-Bahn subway stations.

• Surrounded by cultural and artistic venues.

The Apartments

This 24 apartments Altbau property was built in 1910, and is currently being renovated by Inspiration Group. The modernization of the building includes the renewal of the property’s facades and balconies, as well as renewal of the guttering and refurbishment of the basement.

The beautiful Stucco engravings which decorate the building will be preserved as part of the modernization work.

Individual water heating systems are installed in each apartment. Units in the property range between 1-4 room apartments. All apartments are being marketed at discount prices compared to the neighborhood.

To view the floor plans click here

The Apartments’s image gallery:

Click here to download the Expose

Click here to view the area Map

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.