Sommerstr.

Reinickendorf, Berlin, Germany

Status	Available
Price From	43,125  EUR

 

About the Development

TENANTED APARTMENT – REINICKENDORF, BERLIN

This tenanted studio apartment is on the second floor of this modern four storey building dating back to 1969.

City: Berlin
Area: Reinickendorf
Street: Sommerstr.
Tenanted: yes 
Yield: 5 %
Rooms: 1
Baths: 1
Type: Studio
Size: 34.80 m²
Price from: 43,125 €

The attractive apartment has a situation at the front of the building where there is a balcony enjoying views along this tree lined street. The property also has the benefit of central heating.

Reinickendorf lies to the north of central Berlin located next to the areas of Pankow and Wedding. This area is enjoying significant investor interest as a consequence of the capital growth and interest in Prenzlauer Berg – a classic ‘ripple effect’ as adjacent areas become interesting to the ‘smart’ investor. The property has excellent public transport options with the nearest rail station (Schoenholz) only 300 metres away and the nearest underground station (Residenzstrasse) approx. 1 km distant.

The tenanted studio has a net rental annual income of 2166 Euros, which equates to an attractive net yield of 5%. One to tuck away for the future...