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

Exposé: https://www.ohne-makler.net/immobilie/file/1580715/

– For more information in English please contact us –

Vintage gem in the Helmholtz-Kiez – Investment with style

This spacious and exclusive 3-room pre-war apartment with approximately 111 m² of living space is located on the 4th floor of an exceptionally beautiful and well-maintained Jugendstil building from 1911 at Wichertstraße 69, 10439 Berlin.

It is situated in one of Berlin’s most sought-after trendy neighborhoods, the Helmholtz Kiez in Prenzlauer Berg! With its cafés, restaurants, and green parks inviting you to relax, the location is a dream for those with an adventurous spirit and for connoisseurs alike! It hardly gets more central: in 12 minutes, you can reach Alexanderplatz by the U2.

The apartment was comprehensively renovated in 1998 and combines the charm of classic Berlin pre-war culture – stucco, wooden floorboards, high ceilings – with a clear and practical layout.

A particular highlight is the two southwest-facing balconies, which bathe the living area in sunlight and fresh air all day long. Additionally, you can enjoy and unwind in the green inner garden courtyard.

Due to its location on the 4th floor, the apartment is very bright and relatively quiet. All living areas feature beautiful original wooden floorboards. High ceilings and large windows provide the apartment with its typical charm. Both the living room and the bedroom feature stylish original stucco ceilings.

The daylight bathroom with a bathtub, a fitted kitchen, and a private basement storage room offer additional comfort. All rooms, as well as the kitchen and bathroom, are accessible from the hallway.

The entire property is currently in excellent condition, thanks to the proactive owners’ community. The building consists of a total of 34 residential units in a front building and two side wings.

The apartment is privately offered and is free of any commission or broker’s fee.

Why this property?

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A pre-war gem in the Helmholtzplatz-Kiez: This apartment combines the character of the Gründerzeit with a secure investment profile.

For investors, it means: solid substance, excellent location, stable tenancy – and significant potential for development.

-> For long-term capital investors: A secure store of value in one of Berlin’s most desirable residential areas.

-> For family offices & private investors: The low current rent gradually opens up opportunities for increased returns.

-> For owner-occupiers: Parents or private individuals who plan to live in the property later secure a rare apartment in a top location today.

This combination makes the apartment an investment property with heart and brains – secure in the present and full of promising opportunities for the future.

Since this is a high-quality, long-term rented investment property in one of Berlin’s most sought-after locations, viewings are only carried out by appointment (maximum two parties).

A current, valid proof of financing or capital is required to schedule a viewing in order to ensure the exclusivity and seriousness of the interested parties.

Wichertstraße is located in the popular Helmholtzplatz-Kiez of Prenzlauer Berg, just a few steps from Schönhauser Allee – one of Berlin’s most coveted micro-locations.

• Prenzlauer Berg in northeast Berlin is undoubtedly one of the most desirable districts in the capital.

• Elegant pre-war buildings, trendy restaurants, cafés and bars, as well as various parks and green spaces, create the image of this urban neighborhood.

• There is also an excellent infrastructure.

• Culturally, this area offers as many possibilities as no other district in the city.

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

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

• The apartment is located very close to Helmholtzplatz.

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

• In the immediate vicinity there are numerous shopping opportunities and service providers.

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

• The property is excellently connected to Berlin’s city center by tram, S-Bahn, and U-Bahn. Public transport connections: Train, S-Bahn, U-Bahn, Tram | Schönhauser Allee (approx. a 2-minute walk)

Description

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The representative apartment is located in Prenzlauer Berg, right in the heart of the trendy Helmholtz Kiez, one of the most desirable and charming residential areas featuring beautiful pre-war buildings, cafés, bars, restaurants, and parks, with 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 is literally right at your doorstep: be it a stroll in the park, a cappuccino at your favorite café, a beer at the trendy pub, shopping in the organic store or dinner at the Italian restaurant next door. Schools, kindergartens, and centers for medical care are within walking distance. Also, just a few minutes’ walk away is the Berlin Schönhauser Allee train station. From there, you are quickly at Alexanderplatz or Potsdamer Platz. A little-known tip for children is the Felicio Puppet Theater, only 300 meters away. In the immediate surroundings, you will also find Arnimplatz, Humannplatz, and Helmholtz Platz. In less than a 5-minute walk, you can reach the Schönhauser Allee Arcades, where all everyday needs can be met. For jogging in the park, walks or a picnic, the Falkplatz and Mauerpark are also in the direct vicinity. At the same time, the connection to the city center is unparalleled, as in 12 minutes you are at Alexanderplatz by the U2, and the Schönhauser Allee ring station is only a stone’s throw away. Moreover, with the well-developed cycle path along Schönhauser Allee, you can quickly reach Hackescher Markt and Museum Island by bike.

Features

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- 3 rooms / 111 m² 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 floorboards and stucco ceilings

- Daylight bathroom with bathtub

- Fitted kitchen included

- Basement storage room

- Central heating (gas), Energy rating Class D

- Well-maintained owners’ association, with protocols & reserve fund documentation available

Renovations

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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 converted,

- In 2009, the balconies were renovated,

- In 2014, the basement ceiling was renovated, and

- Finally, in 2016 the courtyard was redesigned.

Financial Data

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- Purchase price: €749,000

- Net cold rent: €743.31/month (≈ €6.70/m²)

- Monthly service charge: €353

- Annual rent: €8,919

The maintenance reserve is fortunately exceptionally high, so that even large future expenses can be covered from the savings of the owners’ association. 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/m².

-- Currently: €6.70/m² → roughly 45–55% below the comparative 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/m²

-- Long-term, upon re-letting: realistically between €1,665–1,890/month.

- No listed building protection, but located in the Pankow milieu protection area

- Maintenance reserve and owners’ association protocols available upon request

- The energy certificate classifies the property as Class D (115.1 kWh/m²a, gas, consumption certificate)

- Handover by agreement

The apartment is sold in a tenanted condition and is therefore ideal as a solid investment.

For buyers with long-term owner-occupier or succession plans, the property also offers an attractive option:

After purchasing the property, the tenancy can of course be continued in accordance with legal requirements or – with appropriate planning – be reconsidered for owner-occupation at a later date.

The published purchase price of €749,000 refers to the sale with an existing tenancy.

The market value of the apartment in an unoccupied state is significantly higher, making this 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 answered promptly (approx. 1–2 days).

If you contact by phone, please leave a voice message with your name, phone number, and availability.

Viewing

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A genuine level of interest, proof of creditworthiness, and appropriate commitment are required for a viewing. All appointments are arranged definitively online.

Disclaimer

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The visualizations of the floor plans are for illustration purposes only. The area and measurements are approximate values. The plans and dimensions are based on the available documents.

All information regarding this apartment has been compiled to the best of our knowledge and belief. The actual condition and measurements inspected at the time of handover constitute the exclusive contractual basis.