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List of Properties for Sale in Berlin October 2011
Unlikely real estate agencies which publish many properties which are no longer available, I publish ONLY properties which are available in this moment and time and which you can buy.

Ref: Prenzlauer
Prenzlauer Berg - young & yuppie
Rare opportunity to purchase a vacant apartment in the young and yuppie district of Prenzlauer Berg.
Size Floor Occupation Details Rent Price
64m² 2nd floor vacant Spacious 1-bedroom apartment with big living room, large "live-in" kitchen, balcony and storage room. Recently renovated hence in very good condition. 169.500€
reserved.

Ref: Genter
Fantastic opportunity to get a marvelous topfloor apartment
Marvellous Location in Berlin - Mitte/Wedding

Vacant and tenanted apartments from 50m² a 78m². Located on 4th floor, spacious and bright with marvellous terrace or balcony. Large community gardens of 800m². Don´t miss this opportunity.
Size Floor Occupation Details Rent Price
47m² 4th floor
top floor
tenanted
since 2009
1-bedroom apartment, fitted kitchen, bathroom, sun terrace, storage room, everything in immaculate condition. reserved 94.500€
62m² 4th floor
top floor
tenanted
since 2000
large 1-bedroom apartment, kitchen, bathroom, sun terrace, balcony, storage room, all in good condition. 440-511€ 110.000€
The tenant is himself responsible to renovate his apartment.
The rent index only applies to current rental contracts, not to new contracts that we sign in the future.

Ref: Karl-Marx
Karl-Marx-Avenue Investment Opportunity
Marvellous Location in Berlin - Mitte - Friedrichshain

Vacant 58m² apartment spacious and bright, with lift. Don´t miss this A-grade investment opportunity on the grand boulevard of East Berlin.
Floor Occupation Details Rent Price
62m² 2nd floor tenanted 1-bedroom apartment, spacious living-room, good condition, new kitchen/new bath, lift sold
58m² 1st floor vacant 1-bedroom apartment, spacious living-room, lift. Complete renvoated to high standards. Excellent apartment with spectacular views over Boulevard. 182.500€

Ref: Ostender
Ostender Residential in well-maintained 1920s historic building
The apartments are centrally located in an attractive side street, just off busy Müllerstrasse with plenty of commercial activity and late night shopping facilities. Large living room, master bedroom, large kitchen and bathroom. South-facing balcony, plenty of parking space, nice communal gardens. Opposite Technical University of Applied Sciences. Biweekly local market and "Karstadt" department store only 5 minutes walk. Best "Price-Quality" relationship. Very recommended.
Size Floor Occupation Details Rent Price
54m² 2nd floor vacant 1-bedroom apartment, large living room, balcony. Fully renovated in 2011. Fitted kitchen with fridge, freezer, dishwasher included. Impeccable condition. 96.500€
54m² 1st floor tenanted
since 1984
Nice apartment with living room, bedroom, kitchen, bathroom and terrace. The tenant is very happy in the apartment and does not want to move out of the property for the time being. Good longterm investment. 300€ 74.500€
47m² raised
ground floor
tenanted
since 2010
Cosy apartment with nice living room, single bedroom, kitchen and bathroom. Storage room and cellar. Good condition as renovated in 2005 275€ 62.500€
47m² raised
ground floor
vacant on
01/2012
This property needs complete renovation and can be converted in a very attractive loft apartment. Renovation cost is approx. 12.000€. Perfect for holiday apartment and short term letting. 65.000€
Old leases: Tenants have renovated the apartment themselves under German law and according to their personal tastes. When they move out, they are of course allowed to leave the apartment in the original condition when they entered.

Ref: Virchow
Classic apartments with high ceilings at Residencial Virchow
Notable historic apartment complex built 1927-1930 by famous architect Bruno Möhring. There are 302 units in this very sought-after residential Bauhaus-style apartment block. Excellent floorplans. In immediate proximity of Underground, Hospitals, Universities and Shopping.   Excellent opportunity.
Size Floor Occupation Details Rent Price
65m² 1st floor vacant on
11/2011
Recommendation - Excellent Opportunity
1-bedroom apartment, large living room, spacious kitchen, balcony. Needs complete renovation which we can arrange for you. Renovation Project Budget approx. 15.000€. Community charge 220€.
82.500€
reserved.
73m² 1st floor tenanted
since 2001
2-bedroom apartment, large living room, bathroom, kitchen, balcony. Completely renovated 3 years ago. Excellent investment. 375€ 86.500€
69m² 1st floor vacant on
01/2012
2-bedroom apartment, large living room, bathroom, kitchen, balcony. Very nice floorplan. 99.500€
52m² 2nd floor tenanted
since 1998
1-bedroom apartment, large living room, spacious kitchen, terrace/balcony. The apartment is in good condition. 254€ 68.500€
reserved.
64m² ground floor tenanted
since 2000
2-bedroom apartment which has been renovated beginning of 2000, rent is secure since it is the german government that is paying. 330€ 74.800€
Old leases: Tenants have renovated the apartment themselves under German law and according to their personal tastes. When they move out, they are of course allowed to leave the apartment in the original condition when they entered.

Ref: Osloer
Osloer Strasse = vacant = 2x Underground - 2x Tram
Excellent communication between Osloer Strasse and Bornholmer Brücke

Very solid prewar building from 1902. Good condition.   Brandnew apartment.
Size Location Occupation Especificaciones Rent Price
66m² 1st floor vacant Excellent distribution with large living room with open kitchen "office-style", two bedrooms and bathroom.New double glazed tilt windows. 98.000€

Ref: Drontheimer
Drontheimer Strasse - vacant courtyard apartment
Quiet court yard building in 1900

We can find new tenants for you easily if you with to rent the apartment.   Excellent entry property for your stay in Berlin or for good rental income. We offer complete rental management for you.
Size Location Occupation Details Rent Price
50m² 1° piano vacant on
12/2010
Excellent distribution with nice bedroom, living room, bathroom and kitchen, balcony. Good public transport. Quiet courtyard apartment. 69.000€
reserved.

Ref: Brussels
Investors Delight: Brussels Residential in 1930s building
Tenant apartments in Brüsseler Strasse. Apartments will need renovation when tenants have moved out (estimate 250€/m²) - but it can take many years until tenants will move. Close to Technical University of Applied Sciences, Charité University Hospital Rudolf Virchow, Lake Plötzensee. Nice communal gardens.
Rental guide for current contracts "Mietspiegel" is 5,50€/m²  Very low entry price of only 1000€/m²
Size Location Occupation Details Current Rent Max Net Rent Price
76m² 2nd floor tenanted
since 1998
Spacious apartment with large sitting room, large bedroom, "live-in" kitchen of 14m2 and balcony. The apartment requires renovation when the tenants have moved out. 324 368€ after
increase
76.000€
56m² ground floor tenanted
since 1999
Large studio apartment with "live-in" kitchen and terrace. The apartment requires renovation when the tenant has moved out. 190 310€ after
increase
56.000€
Old leases: Tenants have renovated the apartment themselves under German law and according to their personal tastes. When they move out, they are of course allowed to leave the apartment in the original condition when they entered.
Residential Virchow
Charité Hospital - Medical Faculty of Humboldt University
Historic apartment complex built 1927, constantly refurbished. Elegant and illustrious. Top floor loft-style maisonette with fitted kitchen and large sun terrace. You will love this place! Excellent location (Universities, Hospitals, Research), just 150m to Underground.
Size Location Occupation Details Rent Price
62m² 4th floor
top floor
vacant on
01/2012
Very special loft-style apartment with gallery and sun terrace, in good condition.
Please email for details - excellent property - video available
134.000€
98m² 4th floor
top floor
vacant Penthouse apartment with ceilings up to 5 meters in height. Spacious living room, 2 bedrooms, a bit of a special distribution with pillars in the middle of the house. Needs minor repairs of paint. Unfortunately no terrace. 122.000€
In Berlin, most buildings do not have a lift and obviously this is a 4th floor (top floor maisonette) apartment without lift. Being top floor is considered an advantage, without prejudice of an elevator.

 Notary Fees, Taxes and Registration Cost are 6% for my properties 


Explanation of Community Expenses & Community Charges

Average community cost per m² is 3€ to 4€ per month. It includes everything from house insurance to rubbish collection, hot & cold water, heating, cleaning & lightning, building repairs, administration fee and, most importantly, the community's "maintenance fund".
The tenants pays (net) "Base Rent" plus "Charges" = Total Rent.
Out of your total community cost, the tenant will be liable for approx. 60-70% and the owner approx. 30-40% (which includes repairs, administration and community fund). Exact figures depend on each property and on the individual consumption of the tenant's water & heating. Electricity is always paid directly by the tenant.

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.
The owner would then roughly pay 58€ and the tenant 104€. The following year, the charges are adjusted in accordance with the actual heating/water consumption (meters for water and heating are installed and consumption is read yearly by an independent meter-reading company).

Owner's part should always include a contribution towards maintenance fund (example 0.60€/m²).
When you buy a property, the saved share of the community fund is being passed on to you.
Buildings with no community fund 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.


Ref: Genter
Investment opportunity in good Berlin Mitte-Wedding location
Stable tenant since 1985. Excellent floorplan.
Very attractive building, private courtyard and community gardens, very well kept. Excellent community with plenty of savings in the community's bank account. Just round the corner of Müllerstrasse / Leopoldplatz / University. Biweekly local market and "Karstadt" only 5 minutes walk.  Rental guide for current contracts "Mietspiegel" is from 5,40€ to 6€/m²
Size Location Occupation Details Current Rent Max Net Rent Price
71m² 3rd floor tenanted
since 1985
2-bedroom apartment, bathroom, terrace, storage, with same tenant for 25 years. 369€ 405€ after
increase
sold.
88m² 1st floor tenanted
since 1997
3-bedroom apartment, bathroom, terrace, storage, with same tenant for 25 years. 425€ 490€ after
increase
sold.
Old leases: Tenants have renovated the apartment themselves under German law and according to their personal tastes. When they move out, they are of course allowed to leave the apartment in the original condition when they entered.

Ref: Brahe
Charlottenburg District close to Castle
One vacant and one tenanted apartment. All apartments need larger renovations. In spite of being the much touted "Charlottenburg", this location is far from the City Center. Quiet, residential area. S-Bahn Jungfernheide in walking distance. If you want something with more "buzz", your preference should be two properties on the top of this page (Mitte-Wedding).
We do NOT recommend this property because it is on the edge of Charlottenburg where only older people live - the young people move away from there. This is the typical area sold to foreigners who are "blinded by supposedly upmarket district names".   Rental guide for current contracts "Mietspiegel" is 5,50€/m²
Size Location Occupation Details Current Rent Max Net Rent Price
59m² 3rd floor tenanted
since 1983
1-bedroom apartment with balcony. Large living-room, kitchen, bathroom and storage. 312€ 332€ after
increase
sold.

QUESTION & ANSWERS
Yield calculation for tenanted apartments

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