Multi-family house with extended attic storey (new build) and approx. 50% vacancy in Fanninger Kiez

The property is an apartment building built around 1900 with a total of 18 apartments spread over five full floors and the converted attic in the front building with the left-hand side wing. The property is accessed via two well-kept stairwells and a passenger elevator in the courtyard and is in a very good and well-kept condition, both technically and visually. Some old building details, such as historic doors, the old banisters and corresponding ceiling heights, are present on the standard floors and lend the property its charm. The units are heated by two gas-fired central heating systems in the front building and the side wing; hot water is supplied centrally in the side wing and via instantaneous water heaters in the front building. The loft conversion is currently being completed. The extension has created six new apartments over two floors. These units have not yet been let. In addition to the six apartments on the two newly constructed top floors, two further apartments on the 3rd floor and one apartment on the first floor are currently vacant. With the exception of the vacant apartment on the first floor and one apartment on the 1st floor, all apartments have been thoroughly modernized and are equipped with contemporary bathrooms. The property has been almost completely refurbished. The side wing was already renovated around 15 years ago. The front building has been completely renovated since 2018. In the course of this, the mains and water pipes were renewed, the majority of the apartments were given new soundproof windows, the stairwell was completely renovated and the facades were also renewed. Some of the front building has balconies facing the street. The units on the roof also have balconies or roof terraces. The property is located within the scope of a conservation statute, the "Fanningerstrasse" conservation area. "Fanningerstraße" neighborhood conservation area Central and sought-after residential area Top floor converted (completion 2024) and currently unlet The remaining units extensively refurbished Some old building details preserved Good condition Balconies Passenger elevator available Two gas central heating systems High vacancy rate Average rent residential: 9.55 EUR/sqm 10204