Flat for sale 3+1 • 112 m² without real estateWichertstr. 69 Berlin Prenzlauer Berg Berlin 10439

Investment Property in the Heart of Prenzlauer Berg

111 sqm Historic Apartment with Two Southwest Balconies

Investor Exposé: ohne-makler.net/immobilie/file/1594131/

– For more information in English, please contact us –

Spacious 111 sqm pre-war gem with 2 south balconies in the sought-after Prenzlauer Berg location.

Continuously rented since 1998, it is currently effectively occupied by a single-person household (an established lawyer).

The property is very well maintained, with reliable rent payments and clear communication.

A commission-free existing investment for capital investors who value substance, stability, and sustainable development.

Investment Figures (Actual):

– Purchase Price: €810,000

– Living Area: 111 sqm

– Net Cold Rent: €773.31 per month

– Annual Net Rent: approx. €9,279

– Current Rent Level: approx. €6.97 per sqm

– Service Charge: €353 per month (2025)

Maintenance Reserve of the Homeowners’ Association (as of 12/2024):

approx. €90,123

The acquisition is commission-free, which significantly reduces the investment costs compared to broker-managed offers.

The current yield is modest due to the moderately adapted rent over many years. At the same time, this configuration offers a rare combination of a reliable rental situation and significant, well-founded development potential.

The building has been continuously maintained and modernized over the past decades:

• 1998: Extensive renovation and modernization measures, including a new central heating system and hot water preparation

• 2000: Conversion of the attic

• 2009: Renovation of the balconies

• 2014: Renovation of the basement ceiling

• 2016: Redesign of the courtyard

The combination of mature pre-war character, continuous maintenance, and a robust reserve structure reduces technical risks and strengthens the long-term value retention of the investment.

Rental Development with a Clear Perspective

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The current rent is below the rental index level of comparable properties in a good location (approx. €11–12.5 per sqm).

• In the short term, a legally permissible rent increase of 15% is possible.

• In the medium term, further adjustment potential exists within the legal framework.

• In the long term, the market level in this area is significantly above the current rent.

This property is deliberately aimed at investors with a medium- to long-term horizon who value structural development and sustainable value stability over short-term maximum yields.

Features & Quality of the Unit

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• 3 rooms | 111 sqm living area | 4th floor

• Ceiling height up to 3.25 m

• Two southwest balconies with garden views

• Original wooden floorboards and stucco ceilings

• Bright bathroom with a bathtub

• Fitted kitchen

• Basement storage room

• Well-managed homeowners’ association

• Energy Class D

The apartment combines classic pre-war quality with long-term third-party usability.

Location

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Prenzlauer Berg has long been one of the most stable inner-city residential areas in Berlin. The micro-location is characterized by established infrastructure, green spaces, dining options, and sustained demand.

Rentability in this segment is considered secure in the long term.

Conclusion

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This pre-war gem is a strategic existing investment in one of the most stable inner-city locations in Germany – with a reliable rental situation, solid substance, and clearly verifiable development potential.

This combination of location quality, substance, and long-term development potential is rarely available on the market in this form.

Additional documents will be provided upon serious inquiry.

Wichertstraße is located in the sought-after Helmholtzplatz quarter of Prenzlauer Berg, just a few steps from Schönhauser Allee – one of the most desirable micro-locations in Berlin.

• Prenzlauer Berg in the northeast of Berlin is undoubtedly one of the most sought-after districts of the capital.

• Chic pre-war buildings, trendy restaurants, cafés, and bars, as well as numerous parks and green spaces, characterize the inner-city neighborhood.

• Excellent infrastructure adds to its appeal.

• Culturally, this area offers more possibilities than any other district in the city.

• Whether it’s improv comedy, theater, or a show: two cinemas within walking distance, several small theaters, exhibitions, and galleries provide a wide range of entertainment and variety.

• Educational institutions of all disciplines and levels, as well as centers for medical care, are also available.

• The apartment is very close to Helmholtzplatz.

• The weekly markets there and at Kollwitzplatz are particularly popular and are accessible via tree-lined streets through the neighborhood.

• Numerous shopping opportunities and service providers can be found in the immediate vicinity.

• It is hardly ten minutes on foot to the popular Kastanienallee.

• The property is excellently connected to Berlin’s city center via tram, S-Bahn, and U-Bahn. Public transportation connection: train, S-Bahn, U-Bahn, tram | Schönhauser Allee (approx. 2 minutes’ walk)

Description

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The representative apartment is located in Prenzlauer Berg, right in the middle of the trendy Helmholtz quarter, one of the most desirable and charming residential areas with beautiful pre-war buildings, cafés, bars, restaurants, and parks frequented by many young families from around the world. Prenzlauer Berg is Germany’s largest Gründerzeit pre-war district. The neighborhood is characterized by picturesque squares and streets. Here, everything you need is right at your doorstep: Whether it’s a walk in the park, a cappuccino at your favorite café, a beer at a trendy bar, shopping at an organic store, or dinner at the nearby Italian restaurant. Schools, kindergartens, and medical centers are within walking distance. Also, just a few minutes on foot is the Berlin Schönhauser Allee train station. From there, you are quickly at Alexanderplatz or Potsdamer Platz. A secret tip for children is the Felicio Puppet Theatre, which is only 300 meters away. In the immediate vicinity, you will also find Arnimplatz, Humannplatz, and Helmholtzplatz. In less than a 5-minute walk, you reach the Schönhauser Allee Arcades, where you can find everything for daily living. For jogging in the park, walks, or a picnic, both Falkplatz and Mauerpark are directly nearby. Meanwhile, the connection to the city center is unrivaled, as it takes only 12 minutes by U2 to reach Alexanderplatz, and the Schönhauser Allee Ringbahn station is just a stone’s throw away. Additionally, using the well-developed bike path along Schönhauser Allee, you can reach Hackescher Markt and the Museum Island quickly by bicycle.

Features

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• 3 rooms / 111 sqm living area on the 4th floor

• Built in 1911, well maintained

• Ceiling height up to 3.25 m

• Two southwest balconies with garden views

• Courtyard garden

• Original wooden floorboards and stucco ceilings

• Bright bathroom with bathtub

• Fitted kitchen included

• Basement storage room

• Central heating (gas), Energy Class D

• The building consists of a total of 34 residential units in a front building and two side wings

• Well-managed homeowners’ association, with meeting minutes and reserve proofs available

Maintenance

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• In 1998, extensive renovation and modernization work was carried out on the property, including the installation of a new central heating system and hot water preparation using district heating.

• In 2000, the attic was converted.

• In 2009, the balconies were renovated.

• In 2014, the basement ceiling was renovated.

• In 2016, the courtyard was redesigned.

Economic Data

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• Purchase Price: €810,000

• Net Cold Rent: €773.31 per month (≈ €6.97 per sqm)

• Service Charge: €353 per month (2025)

• Annual Rent: approx. €9,279

The maintenance reserve is exceptionally high, so even large future expenses can be covered by the HOA’s savings. At the end of 2024, the maintenance reserve amounted to approximately €90,123.

Potential & Perspective

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• First rent adjustment potential: +15% possible

  – Rental index 2024/2025 (built in 1911, good location): realistically €11.0–12.5 per sqm.

  – Currently: €6.97 per sqm → approx. 45–55% below comparable rent.

  – Berlin’s capping limit: +15% already possible → next increase approx. +€112 per month.

  – Within 6 years: increase to approx. €983 per month.

• Long-term market potential: realistically €16 per sqm

  – Long-term, upon new tenancy: realistically €1,665–1,890 per month.

• No monument protection, but located in the Pankow district with social or milieu protection

• Maintenance reserve and HOA minutes available on request

• The energy certificate indicates Class D (115.1 kWh/m²a, gas, consumption certificate)

• Transfer of ownership by agreement

The apartment is sold in a tenanted condition and is, therefore, ideally suited as a solid capital investment.

For buyers with a long-term owner-occupier or succession perspective, the property also offers an attractive option: after acquiring the property, the tenancy can of course be continued in accordance with legal provisions or, with appropriate planning, examined at a later date for owner occupancy.

The published purchase price of €810,000 refers to the sale with the existing tenancy.

The market value of the apartment in an unoccupied state is significantly higher, resulting in a long-term, value-stable, and development-capable investment.

• No buyer’s commission from the private seller!

Contact Inquiries

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Please note that only inquiries with complete contact details can be responded to promptly (approx. 1–2 days).

If you contact by phone, please leave a voice message including your name, telephone number, and best time to reach you.

Viewing

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For a viewing, a genuine expression of interest, proof of creditworthiness, and an appropriate level of commitment are required. All appointments are coordinated online on a binding basis.

Disclaimer

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The visualizations of the floor plans are for illustration purposes only. Area and dimension details are approximate values. The plans and size details are derived from the available documents.

All information for this apartment has been compiled to the best of our knowledge and belief. The actual condition and measurements observed during the apartment handover constitute the exclusive basis of the contract.