Overseas property

The residential building is in the redevelopment area of Berlin-Friedrichshain. Like the adjoining districts of Prenzlauer Berg and Kreuzberg is this richly in urbane life. Favorable rents and a living scene have drawn a huge investments. Above all, along the
Simon-Dach-Strasse a lively district with countless bars, bars and restaurants has grown up. The vast park, after Friedrichshain is named, offers adult rest and children in the fairy tale well an excursion to the world of Die Gebrüder Grimm. The infrastructure is developed very well. At few walking minutes you reach tram, as well as bus stop and the city railroad station Ostkreuz. In the closer surroundings you find shops of goods of the everyday need, doctors, Kita's and schools.
This in 1907 establishes 5-storey dwelling house exists of a front building, side wing and garden house. This is of the construction time corresponding with nice stucco decorations provided. The yard area opens to the neighboring plot and is not obstructed therefore. It is planned to modernize the flats according to approved rules of the architecture, the technical and appropriate German Institute for Standardization regulations and to repair and to
Develop the attics, to mount balconies and lift arrangements. All together 2 small commercial
Unities originate in the ground floor, 25 flats in an old building (from 1 to 4 bedrooms) and 3 attics (2 to 3 bedrooms). The living spaces amount between 45 m
² and 149 m ².

Basic data: modern fitted kitchen with Ceran-cocker, range hood; fridge- an icebox and various cupboards; wooden window with insulating glazing; modern bath creation with wall-hanging sanitary elements and Down lights; planking floor; intercom;

The object lies in the formally settled redevelopment area. A raised tax write-off of the renovation and maintenance costs can be asserted according to §7h EStG (9% x 8 years as well as afterwards 7% x 4 years). This does not count to the new building attic flats. The flats can be likewise acquired as an investment. The owner forecasts one a net cold rent
Of approx. 7.00 € per m² (without guarantee).