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 old building jewel with 2 south balconies in the sought-after Prenzlauer Berg location.

Continuously rented since 1998, currently essentially occupied by a one-person household (an established lawyer).

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

A commission-free existing asset 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 / month

- Annual Net Rent: approx. €9,279

- Current Rent Level: approx. €6.97 per sqm

- Service Charges: €353 / 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-bound offers.

The current yield is moderate due to the rent being adjusted conservatively over many years. At the same time, this configuration offers a rare combination of a reliable rental situation and substantial long-term 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: Expansion of the attic

2009: Renovation of the balconies

2014: Renovation of the basement ceiling

2016: Redesign of the courtyard

The combination of the well-established old building character, ongoing maintenance, and a strong reserve structure reduces technical risk and strengthens the long-term value retention of the investment.

Rental Development with a Well-Founded Perspective

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The current rent is below the rent 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 framework of legal guidelines.

- 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 yield maximization.

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 floors and stucco ceilings

- Daylight bathroom with a bathtub

- Fitted kitchen

- Basement storage room

- Well-maintained homeowners’ association

- Energy Class D

The apartment combines classic old building quality with long-term third-party usage potential.

Location

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Prenzlauer Berg has for years been one of the most value-stable inner-city residential areas in Berlin. The micro-location is characterized by established infrastructure, green spaces, excellent dining, and strong demand.

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

Conclusion

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This old building jewel is a strategic existing investment in one of Germany’s most stable inner-city locations – with a reliable rental situation, solid construction, and clearly demonstrable development potential.

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

Additional documents are available upon serious interest.

Wichertstraße is located in the desirable Helmholtzplatz district of Prenzlauer Berg, just steps away from Schönhauser Allee – one of Berlin’s most coveted micro-locations.

• Prenzlauer Berg in northeastern Berlin is undoubtedly one of the city’s most sought-after neighborhoods.

• Chic old buildings, trendy restaurants, cafés and bars, as well as various parks and green spaces, shape the image of this inner-city district.

• There is also excellent infrastructure.

• Culturally, this area offers as many opportunities as no 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 offer a variety of entertainment and diversity.

• Educational institutions of all fields and levels, as well as medical care centers, are naturally available.

• The apartment is located very close to Helmholtzplatz.

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

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

• It’s hardly a ten-minute walk to the popular Kastanienallee.

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

Description

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The representative apartment is located in Prenzlauer Berg, right in the middle of the trendy Helmholtz district – one of the most desirable and charming residential areas with beautiful old buildings, cafés, bars, restaurants, and parks, attracting many young families from around the world. Prenzlauer Berg is Germany’s largest Gründerzeit (founders’ period) old building area. The district is characterized by picturesque squares and streets. Everything is literally right on your doorstep: whether it’s a walk in the park, a cappuccino at your favorite café, a beer at the local bar, shopping at the organic store, or dinner at the nearby Italian restaurant. Schools, kindergartens, and medical centers are within walking distance. Also, just a few minutes’ walk away is the Berlin Schönhauser Allee station. From there, you are quickly at Alexanderplatz or Potsdamer Platz. A hidden gem for children is the Felicio puppet theater, only 300 meters away. In the immediate vicinity are also Arnimplatz, Humannplatz, and Helmholtzplatz. In less than 5 minutes on foot, you can also reach the Schönhauser Allee Arcades, where all daily necessities are available. For jogging, walks, or a picnic, Falkplatz and Mauerpark are also directly nearby. Meanwhile, the connection to the city center is unparalleled – in 12 minutes you can reach Alexanderplatz via the U2, and the Schönhauser Allee ring railway station is only a stone’s throw away. Additionally, by bicycle you can quickly reach Hackeschen Markt and Museum Island via the well-developed bike lane along Schönhauser Alle.

Features

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

- Built in 1911, well-maintained condition

- Ceiling height up to 3.25 m

- Two southwest balconies with garden views

- Courtyard garden

- Original wooden floors and stucco ceilings

- Daylight bathroom with a 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-maintained homeowners’ association, with meeting protocols and reserve fund documentation 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 via district heating.

- In 2000, the attic was expanded.

- In 2009, the balconies were renovated.

- In 2014, the basement ceiling was renovated.

- In 2016, the courtyard was redesigned.

Financial Data

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- Purchase Price: €810,000

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

- Service Charges: €353/month (2025)

- Annual Rent: approx. €9,279

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

Potential & Perspective

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- Initial rent adjustment potential: +15% possible

-- Rent 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 rent cap: +15% already possible → next increase approx. +€112/month.

-- Within 6 years: increase to ~€983/month.

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

-- Long term, for new rentals: realistically €1,665–1,890/month.

- Not a listed building, but located in the Pankow milieu protection zone

- Maintenance reserve and homeowners’ association protocols available upon request

- The energy certificate shows Energy Class D (115.1 kWh/m²a, gas, consumption certificate)

- Handover according to agreement

The apartment is sold in its rented 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 purchasing, the tenancy can of course be continued within the framework of legal provisions, or – with appropriate planning – reviewed for owner-occupancy at a later date.

The advertised 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, offering a long-term, value-stable, and development-capable investment.

- Private sale – no buyer’s commission!

Contact Inquiries

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

When contacting by phone, please leave a voicemail with your name, phone number, and availability.

Viewing

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For a viewing, actual proof of interest, creditworthiness, and appropriate commitment are required. All appointments will be coordinated online in a binding manner.

Disclaimers

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

All information provided for this apartment has been compiled to the best of our knowledge and belief. The actual condition observed during the viewing and the measurements at the time of handover form the exclusive contractual basis.