Fully let residential and commercial building in the center of Pankow

The property is a residential and commercial building built around 1903 with 16 residential and three commercial units spread over four full floors. There are two retail units on the first floor and an office space on the first floor. The property was completely renovated in 1995. The property is accessed via two well-kept stairwells without a passenger elevator and is in good condition both technically and visually. Numerous old building details, such as historic doors, stucco elements in the entrance area and corresponding ceiling heights, are present and lend the property its special charm. The fully let property is heated by a gas central heating system, which was renewed at the beginning of 2020. Plastic windows (incl. sound insulation) are installed on the street side and primarily wooden windows on the courtyard side. Most of the units have balconies or bay windows. When tenants changed, the apartments were completely renovated, e.g. the bathrooms were modernized and the floors renewed. Various maintenance and refurbishment measures have also been carried out in recent years. Among other things, the beams in the cellar were partially replaced, new cellar closures were built and the gas pipes as well as the waste and fresh water pipes were renewed. In addition, the roof, which had not yet been extended, was repaired. In March of this year, two balconies were also renewed and sealed from the inside. The basement is dry and well-maintained and does not appear to have any defects. The property also has twelve parking spaces and is located within the scope of a conservation statute, the "Pankow Zentrum" milieu protection area. Milieu protection area "Pankow Center" Popular residential area Good condition Well-kept facade with balconies/corridors Fully rented Gas central heating Attic not converted Partially soundproofed windows Average rent residential: 9.13 EUR/sqm Average commercial rent: 17.46 EUR/sqm 41451