Residential and commercial building in a very good business location

The residential and commercial building was built around 1900 and consists of two front buildings with a small courtyard. The property has a total of 14 apartments and four commercial units on its five floors, all of which are currently let except for one residential unit. The areas are each accessed via a well-kept staircase with numerous old building details. The commercial units are let to a Vodafone store, a fashion store and a cell phone repair store. One ground floor unit is let to an Asian restaurant. The property has always been maintained. In recent years, all facades have been refurbished and the remaining old windows have been replaced with plastic insulating glass windows or the old windows have been repaired. The entire roof was re-roofed in 2023 and the top floor ceiling was fitted with insulation. The units were successively modernized when tenants changed. Heat is supplied via gas-fired floor heating systems. Overall, the property is in a very well-kept condition. The partially very low rents in combination with the attractive apartment sizes still offer potential for the future. The property is located in the "Karl-Marx-Straße/Sonnenalle" redevelopment area, which came into force on 31.03.20211. The property is located in the "Rixdorf" milieu protection area. Highly sought-after residential and commercial location "Rixdorf" milieu protection area Formally designated redevelopment area since 31.03.2011 (comprehensive procedure) Very well-kept condition Gas heating Rent increase potential Attic not developed Average residential rent: 6.09 EUR/sqm Average commercial rent: 21.59 EUR/sqm 53975