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Richard-Sorge-Strasse Berlin Friedrichshain  70mē
one of the nicest properties in the district
1st floor 1-bedroom apartment with balcony, front wing, tenanted.
The building has been superbly renovated - it´s probably one of the nicest properties in the street.
Apartamento de 1 dormitorio con balcón, 1a planta a la calle.
La finca ha sido reformado de alta calidad - probablemente el mejor edificio de la calle.
€120.000 with a 4.5% rent guarantee for 3 years.
please note: current rent 4.2% and has just been increased. This means that the next increase of 20% can only be done in 3 years (then giving 5%) so you will have a pretty low yield for quite some time. Tenancy contract cannot be cancelled since tenant is +70 years old has has been living there for many years. This is ALWAYS the case with rental guarantees in areas of Friedrichshain or Prenzlauer Berg (no such things are "free lunches"). If you want better yields of +6% (and excellent capital appreciation) you should be looking at my Virchow properties.
pictures of the inside ot the apartment here.