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Zeitzerstr 5
The Building
Zeitzerstr 5, Neukölln, Berlin Apartments for Sale in a Renovated Property – Central Berlin
- Property renovated in 2012 and 2002.
- Centrally located in a high demand area near Richard Platz in northern Neukölln.
- renovated loft apartments. Studios, and 1-3 bedroom apartments.
- Discounted prices with high yielding units.
- Complete Investment Management by Inspiration Group.
Location
• Central location – high demand area.
• Near Richard Platz, Korner Park and Karl Marx Strasse.
• 15 min from the heart of Berlin.
• Surrounded by cultural and artistic venues.
The property is located in Northern Neukölln near Kreuzberg and Treptow neighborhoods. During the last 5 years the area has become increasingly fashionable attracting hundreds of new residents from other parts of Berlin.
Dozens of coffee shops, restaurants, bars and art galleries have opened in the vicinity of the property in recent years. Rent rates rose substantially and reached levels of upper middle-class neighborhoods such as Charlottenburg.
The Micro Location is in the area of Richard Platz and Rixdorf – the central area of historical Neukölln famous for its charming buildings dating back hundreds of years.
Just minutes walk from tranquil Richard Platz, Neukölln’s S-Bahn and U-Bahn stations, elegant Korner Park, and the central shopping artery of Karl Marx Strasse combine in creating a very attractive urban mix contributing to the popularity of the area.
The property
This beautiful Altbau property was constructed in 1900. The front and side wings have been renovated in 2001-2002 and are in a very good condition. The back wing was completely renovated in the last year.
A modern district heating centralized system is installed in the
building.
The Building’s image gallery:
The Apartments
Zeitzer strase 5, Is centrally located building in a high demand area in Neukölln, Berlin.
There are 34 apartments in the property ranging in sizes from 37 sqm studios to 135 sqm 3 bedrooms apartments. Ten of the units are newly renovated fashionable loft spaces, 5 of which are vacant. All apartments in the property are sold below the average market price in the area.
All apartments are being marketed at discount prices compared to the neighborhood average.
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 2nd 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.
Prices of other properties currently on sale in the area:
1. Vacant Apartment
Size:59.25 SqM
Rent: 212,083 EUR including closing costs (purchase tax, relator fee and notary) – 3,579 EUR/SqM.
//www.immobilienscout24.de/expose/77907187
2. Vacant apartment
Size: 73.5 SqM 224,353 EUR including closing costs.
Apartments for Rent in the vicinity :
//www.immobilienscout24.de/expose/77286129