Apartment Block Property - Property for sale in Neukölln, Berlin.

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Apartment Block Property - Property for sale in Neukölln, Berlin. Excellent property which benefits from central heating. Comprising of 12 tenanted apartments. This apartment building dates back to 1896 although it was extensively modernized in 1985. The property has retained however a number of period features including the old wooden doors. Residential apartments in sizes from 33 – 75 m2 with a total floor space of 729m2. The plot size is 400m2 and the annual rental income exceeds 36,000€ giving a very attractive net yield of 6.1%.

The property is located in Berlin-Neukoelln and the main shopping and commercial centres around Hermannstrasse and Karl-Marx Strasse are within walking distance. Public transport options are generous and the link to the Berlin ring road is nearby.

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