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  • 1
  • Berlin
Price £50,341
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Property Description

We have on offer an attractive tenanted 2 room apartment in Neukölln. It has been completely renovated and therefore has the advantages of central heating, tiled kitchen and bathroom as well as a renovated roof and facade.

The apartment has a balcony and lies on the top floor of a four storey building. Public transport is around the corner. The Hasenheide Volkspark, Hermannplatz and the popular shopping street Karl-Marx-Strasse are just three stops away.

Neukölln is rapidly developing into an up-and-coming, trendy district where young and creative people are moving to.

The current yield is 3,9% on a net income of 2436 euros. However, the rent is currently well below the local market. A possible rent increase of 20% would deliver a yield of 4.8% and if the market rate was applied a 5.7% yield is possible.

This apartment only costs about 1150 euros per m2. A property with real potential!

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