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

Commission-free 111 m² period apartment in Berlin-Prenzlauer Berg’s Helmholtz-Kiez – featuring two south/southwest balconies, classic Gründerzeit character, and stable tenancy since 1998.

The apartment is aimed at buyers with a medium- to long-term perspective. Its investment case lies in its substance, top micro-location, rent reserve, and strategic owner-occupancy option.

## English-speaking and international buyers are welcome ##

Commission-free – Investment Property in the Heart of Prenzlauer Berg

111 sqm Historic Apartment with Two Southwest Balconies

Further information, documents, and communication in English can be provided upon request.

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## Property and Substance

This spacious 3-room period apartment with approximately 111 m² of living space is located on the 4th floor of a well-maintained Jugendstil building from 1911 at Wichertstraße 69, 10439 Berlin.

The apartment combines classic Berlin period quality with a clear and sustainably functional room layout: high ceilings, original wooden floorboards, stucco elements, a daylight bathroom, fitted kitchen, storage room, and two south/southwest balconies overlooking the green inner courtyard.

The building has been continuously maintained and modernized over the past decades. The owners’ association is well-managed, with the reserve fund standing at approximately €90,123 as of December 2024.

The sale is commission-free and directly from the owner.

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## Tenancy and Outlook

The apartment has been stably rented since 1998 and is in an orderly, transparent existing condition. The rent payments are reliably made, the property is very well cared for, and the tenant has been informed about the sale process.

The apartment is actually used by a single individual. The current rent provides a conservative baseline with a clearly identifiable rent reserve within the legal framework.

The property was converted into condominium ownership in 1998 following a partition and renovation and has remained under the same ownership since. The conversion-related occupancy restriction according to § 577a of the German Civil Code (BGB) no longer applies.

In the event of later owner-occupancy, the regular legal regulations apply. Due to the long rental duration, the current legal notice period is 9 months (§ 573c BGB).

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## Investment Key Figures

- Purchase price: €798,000

- Living area: 111 m²

- Rooms: 3

- Floor: 4th floor

- Year built: 1911

- Net cold rent: €773.31 per month

- Annual net rent: approximately €9,279

- Current rent level: approximately €6.97/m²

- Monthly service charge: €353 (2025)

- Owners’ reserve: approximately €90,123 (as of December 2024)

- Purchase price per m²: approximately €7,300

- Buyer’s commission: 0%

The current rent level is below that of comparable apartments in this area. This results in medium- to long-term development potential within the legal possibilities.

The purchase price reflects the sale in the current rental situation. The long-term outlook is based on the quality of the location, the period character of the building, the rent reserve, and the strategic owner-occupancy option.

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## Conclusion

A strategic existing investment in one of the most stable inner-city locations in Berlin – with reliable rental conditions, solid building substance, and clear, comprehensible development potential.

Further legal and economic details will be gladly explained in a personal conversation, and structured documents will be provided upon serious interest.

Wichertstraße is located in the sought-after Helmholtz-Kiez of Berlin-Prenzlauer Berg – just a few steps from Schönhauser Allee and thus in one of the most resilient central Berlin residential areas.

The micro-location combines classic Gründerzeit architecture, a long-established neighborhood atmosphere, and excellent infrastructure. Cafés, restaurants, weekly markets, shopping facilities, schools, kindergartens, medical care, as well as several parks and green spaces are in the immediate vicinity.

Helmholtzplatz, Kollwitzplatz, Arnimplatz, Humannplatz, Falkplatz, and Mauerpark are quickly accessible. The Schönhauser Allee Arcades are only a few minutes’ walk away and comfortably cover daily needs.

The connectivity is excellent: S-Bahn, U-Bahn, trams, and the Ringbahn station Schönhauser Allee are within walking distance. With the U2 line, Alexanderplatz can be reached in a short time; Mitte, Hackescher Markt, and Museum Island are also very well connected.

For investors, the location is particularly relevant: Prenzlauer Berg is known for permanently high housing demand, a limited supply of comparable period apartments, and long-term strong rental appeal.

For international buyers, this is a clear investment case: a central Berlin inner-city location, established infrastructure, historic period buildings, high demand, and long-term value stability.

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## Features

- 3 rooms / 111 m² of living space

- 4th floor

- Built in 1911

- Ceiling height of up to approximately 3.25 m

- Two south/southwest balconies with garden view

- Original wooden floorboards

- Stucco ceilings

- Daylight bathroom with bathtub

- Fitted kitchen included

- Storage room

- Use of inner courtyard/garden

- Central heating

- Energy class D

- Well-maintained owners’ association

- Building with 34 residential units in the main block and two side wings

- Owners’ association protocols and reserve fund statements available

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## Maintenance / Building

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

- 1998: Extensive renovation and modernization measures including central heating and hot water preparation

- 2000: Conversion of the attic

- 2009: Renovation of the balconies

- 2014: Renovation of the cellar ceiling

- 2016: Redesign of the inner courtyard

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## Financial Data

- Net cold rent: €773.31 per month

- Annual net rent: approximately €9,279

- Current rent level: approximately €6.97/m²

- Monthly service charge: €353 (2025)

- Owners’ reserve: approximately €90,123 (as of December 2024)

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

- Heritage protection: no

- Pankow conservation area

- Commission-free sale directly from the owner

- Sale in rented condition

- Owners’ association documents and reserve fund statements available upon request

- Energy certificate: Class D (115.1 kWh/m²a, gas, consumption certificate)

- Handover by agreement

The apartment is suitable as a solid investment for buyers with a medium- to long-term investment horizon. It offers predictable income from the time of acquisition, a well-maintained existing condition, and a comprehensible rent reserve within the legal framework.

The tenant is informed about the sale process. The overall perspective of an ownership change and any possible later owner-occupancy has been discussed openly and transparently. The apartment is sold in its current rental situation.

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## Next Step

If interested, please send an inquiry including complete contact details, telephone number, and a brief note indicating whether you are considering the apartment as an investment or potentially for owner-occupancy.

I am happy to clarify the essential points in a short phone call and provide the available documents in a structured manner upon serious interest.

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## Viewing

Viewings are arranged by appointment and upon demonstrable purchase intent. As the apartment is rented, viewings will be conducted as well-prepared individual appointments. Proof of financing or capital may be requested prior to confirmation of the appointment.

Since the owner is currently abroad, viewings will be conducted by an authorized representative on site. Contract and price negotiations are handled exclusively directly with the owner.

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## Notes

The visualizations of the floor plans are for illustration purposes only. Area and dimension specifications are approximate. All information has been compiled to the best of our knowledge; the actual inspected condition and the contractual documents are decisive.

--- Real estate agent inquiries are expressly not desired. ---