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

Below is the complete English translation of the text marked by the tag:

Investment Property in the Heart of Prenzlauer Berg

111 sqm Historic Apartment with Two Southwest Balconies

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

– For more information in English please contact us –

Spacious 111 m² historic jewel with 2 south-facing balconies in the sought-after Prenzlauer Berg location.

Continuously rented since 1998, currently occupied by a single tenant (an established lawyer).

Very well-maintained property, reliable rental payments, clear communication.

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

Current Investment Figures (AS IS):

• Purchase Price: €810,000

• Living Area: 111 m²

• Net Cold Rent: €773.31 / month

• Annual Net Rent: approx. €9,279

• Current Rent Level: approx. €6.97/m²

• Service Charge: €353 / month (2025)

Homeowners’ Association (WEG) maintenance reserve (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 gradually over many years. At the same time, this configuration offers a rare combination of a reliable rental situation and considerably substantiated development potential.

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

1998: Extensive renovation and modernization work 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 inner courtyard

The combination of mature historic building quality, ongoing maintenance, and a strong reserve structure reduces technical risk and strengthens the long-term value retention of the investment.

Rental Development with a Credible Perspective

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The current rent is below the rental mirror level of comparable properties in a good location (approx. €11–12.5/m²).

• 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 requirements.

• In the long term, the market-standard 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 prioritize structural development and sustainable value stability over short-term yield maximization.

Features & Quality of the Unit

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• 3 rooms | 111 m² living area | 4th floor

• Ceiling height up to 3.25 m

• Two southwest balconies with garden views

• Original wooden floorboards and stucco ceilings

• Daylight bathroom with bathtub

• Fitted kitchen

• Basement storage room

• Well-managed community of owners

• Energy Class D

The apartment combines classic historic quality with long-term alternative usage potential.

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, gastronomy, and sustainable demand.

Rentability in this segment is regarded as secure over the long term.

Conclusion

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This historic gem is a strategic existing asset investment in one of Germany’s most stable inner-city locations – with a reliable rental situation, solid substance, and clearly demonstrable 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 interest.

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

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

• Elegant old buildings, trendy restaurants, cafés, and bars, as well as various parks and green spaces, characterize the picture of this inner-city district.

• In addition, there is 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, several small stages, exhibitions, and galleries offer a variety of entertainment and change.

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

• The apartment is located very close to Helmholtzplatz.

• The weekly markets there and at Kollwitzplatz are especially popular and accessible via lush tree-lined streets through the district.

• In the immediate vicinity, you will find numerous shopping opportunities and service providers.

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

• The property is excellently connected to Berlin’s city center by tram, as well as S- 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 heart of the trendy Helmholtz district, one of the most desired and charming residential areas with beautiful historic buildings, cafés, bars, restaurants, and parks that attract many young families from around the world. Prenzlauer Berg comprises Germany’s largest Gründerzeit pre-war apartment area. The district is characterized by picturesque squares and streets. Here, everything is truly possible right on your doorstep: whether it’s a walk in the park, a cappuccino in your favorite café, a beer in a trendy pub, shopping in the organic store, or dinner at the Italian restaurant next door. Schools, kindergartens, as well as 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 little-known gem for children is the Felicio Puppet Theater, only 300 meters away. In the immediate vicinity, you will also find Arnimplatz, Humannplatz, and Helmholtzplatz. In less than a 5-minute walk, you can reach the Schönhauser Allee Arcades, where all your daily needs are available. For jogging in the park, strolls, or picnics, both Falkplatz and Mauerpark are directly nearby. At the same time, the connection to the city center is unrivaled, as in 12 minutes you can be at Alexanderplatz on the U2, and the Schönhauser Allee ring station is just a stone’s throw away. In addition, you can quickly reach Hackescher Markt and Museum Island by bicycle along the well-developed bike path on Schönhauser Allee.

Features

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• 3 rooms / 111 m² living area on the 4th floor

• Year built 1911, well maintained

• 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 Class D

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

• Well-managed community of owners; minutes protocols & reserve documentation available

Maintenance Work

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• 1998: Extensive renovation and modernization work were carried out on the property, including the installation of a new central heating system and hot water preparation via district heating.

• 2000: Conversion of the attic followed,

• 2009: Renovation of the balconies was completed,

• 2014: Renovation of the basement ceiling, and

• 2016: Finally, the courtyard was redesigned.

Economic Data

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• Purchase Price: €810,000

• Net Cold Rent: €773.31/month (≈ €6.97/m²)

• Service Charge: €353/month (2025)

• Annual Rent: approx. €9,279

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

Potential & Perspective

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• Initial rental adjustment potential: +15% possible

– Rental mirror 2024/2025 (built in 1911, good location): realistically €11.0–12.5/m².

– Currently: €6.97/m² → approx. 45–55% below comparable rents.

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

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

• Long-term market potential: realistically €16/m²

– In the long term, for new rentals: realistically €1,665–1,890/month.

• Not a listed building, but located in the Pankow milieu protection area

• Maintenance reserve and owners’ association protocols available upon request

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

• Handover subject to agreement

The apartment is sold in its rented condition and is therefore ideal 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 – considered for owner-occupancy at a later date.

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

The market-related value of the apartment in an empty condition is significantly higher, thus providing a long-term, stable, and development-friendly investment.

• No buyer’s commission from private parties!

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 voicemail with your name, phone number, and availability.

Viewings

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

Liability Disclaimers

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The floor plan visualizations are for illustrative purposes only. Area and dimensional specifications are approximate. The plans and size information are taken from the available documents.

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