Kaskelstraße. 4

The Building

Kaskelstr. 4, Berlin Victoriastadt – Apartments for Sale in Central Berlin 

• Central Location in a historical area – Victoriastadt
• 1-4 room apartments in a renovated property in excellent condition
• Located on a quiet street with easy access to public transportation
• Small building – only 14 apartments, large garden
• In-House management by Inspiration Group.

The property

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

Victoriastadt, is a mini-neighborhood located in Lichtenberg, on the seam zone with fashionable Friedrichshain neighborhood. Most of the buildings in the micro area date back to the beginning of the 20th century, and have been well preserved and renovated. Victoriastadt has been declared by the municipality as a historical area, with a uniquely charming character, contributing to its attractiveness.
Kaskelstr. 4 is a quiet, pleasant street in the center of Victoriastadt just a short walking distance from Friedrichshain’s cultural hub in the area of Neue Banhofstr. and Boxhagener str., in which many restaurants, coffee shops and shopping venues abound.
200 meters south of the property, residents enjoy the charming Rumelsburger See situated on the Sprees waterfront – a perfect leisure activity in the center of the city.

The Apartments

This classic Altbau property with 14 apartments was constructed in the beginning of the 20th century. The property has undergone extensive renovations one decade ago, and is in excellent technical condition.
Beautiful stucco elements, part of the original design, decorate the building’s façade and public areas.
There are 1-4 room apartments in the property. Modern individual gas heating systems have been installed in all 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.