House for sale • 1402 m² without real estateberlin Spandau Berlin 13581

For sale is a classic Berlin pre-war multi-family house with a commercial unit, centrally located in Spandau. The property impresses with its solid structure, stable rental situation, and significant potential for value appreciation and development.

The building was constructed at the beginning of the 20th century and comprises a total of 19 residential units as well as a commercial unit on the ground floor. The total living and usable area amounts to approximately 1,402 m².

The current annual net cold rent is approximately €144,000. One apartment has recently become vacant and, upon new leasing, can immediately be adjusted to market level, providing the opportunity for further short-term rental income increases.

Additional development potential exists through a possible attic expansion. According to preliminary estimates, there is expansion potential in the attic of about 160 m² in the front section and approximately 160 m² in the rear section, totaling roughly 320 m² of additional space. The existing mansard roof offers an interesting structural basis for this purpose, though the concrete feasibility of obtaining permits must be reviewed by the buyer from a building law perspective.

Furthermore, there are additional opportunities through potential rent adjustments in the existing portfolio within the framework of statutory regulations and through the optimization of the commercial unit.

Overall, this is an attractive investment property with a stable revenue base, short-term rental increase potential, and further prospects for structural development. The property is located on Brunsbütteler Damm in the sought-after, urban area of Berlin-Spandau. The surroundings feature residential and commercial buildings, diverse infrastructure, and excellent public transport connections (with Spandau station in immediate proximity).

For sale is a classic Berlin residential and commercial building in a central location of Spandau, constructed at the beginning of the 20th century and presented in typical old-style architecture. The property comprises a total of 19 residential units as well as a commercial unit, with an overall living and usable area of approximately 1,402 m², and is fully leased.

The property is mostly furnished to a simple to average standard with typical pre-war elements such as wooden plank floors, partially modernized windows, and functional bathrooms. The apartments are heated by individual gas heaters, while the commercial unit is equipped with a night storage heater. Hot water is mostly provided in a decentralized manner through instantaneous water heaters or boilers. Overall, the building is in an age-appropriate condition, with some needs for modernization and maintenance.

The current annual net cold rent is approximately €144,000, with the average rent below the market level, thereby offering attractive rental increase potential within the limits of legal regulations.

The property offers investors a variety of development prospects, particularly through targeted modernization measures, energy optimizations, and a possible conversion to a central heating system. The combination of stable leasing, solid fundamentals, and further potential for value appreciation makes this property an interesting investment in the growing Berlin real estate market.