Apartments close to Savignyplatz
border of Wilmersdorf - Charlottenburg

SOLD - NEW APARTMENTS HERE

Niebuhrstrasse 38-39
Building complex of 120 apartments with 15 entrances and 8 apartments per entrance.
There are 9 (out of 120) apartments left for sale. They can be bought together, in which case the discount is 3% per 5 apartments (or 5% if you buy all 9 left).
The apartment below is the best of the 9 remaining. It offers the highest yield and is in the best condition of all 9 available.

Size Location Occupation Details Current Rent Max Net Rent Price
37m² 3rd floor tenanted
08/1997
Studio apartment in good condition. Large separate "live-in" kitchen of 12m². The tenant does not want to move out. Note: property located close to train track. 208€ 208€ 68.500€
72m² 3rd floor vacant 2 bedroom apartment in sought-after area close to Charlottenburg S-Bahn. Please note, the apartment is occupied until November and can note be visited inside - however, it will most likely be sold before November because too many buyers are eager. Price in this area is well above 2000€/m2. If you are not prepared to buy without internal visit, then do not ask for this property.
sold 158.500€
FABULOUS LOCATION just 100 meters to Charlottenburg Station and Wilmersdorfer Shopping Promenade
Notary Fees, Taxes and Registration Cost are 6.5% for these properties

Please add our commission of 2.000 to 3.500 €(depending how many properties you buy).
Explanation of Community Expenses
1m² = 3€ to 4€ (depends on heating/water consumption) per month.
The tenants pays "net base rent" plus "charges" = TOTAL RENT
The owner pays approx. 1.20€ per m² (maintenance fund, admin, minor house repairs)

Example: An apartment of 54m² has 3€/m² community expenses as agreed by the owners reunion (of which you form part and can vote), which gives 54x3= 162€ per month.
Then, as a rule of thumb (exact figures depend on each community), the owner would roughly pay 65€ and the tenant 97€. The following year, the charges are adjusted in accordance with the real heating/water consumption the tenant has used. For more information please read here my article are Community Expenses.

Owner's part should always include a contribution towards maintenance fund (example 0.60€/m²)
as otherwise you risk being called for additional payment if the community runs out of money.
All my properties include a good community fund, some in excess of 200.000€ saved.
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