detached 1-2-family house + separate...
Excellent yield with further expansion and extension potential.
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Yielding property with realistic expansion and extension potential, detached 1-2 family house with plot of land separate bungalow and garage, for capital investors, state-guaranteed rental payments for short-term rental contracts, additional daily income.
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According to current information from the building authority, there is sufficient capacity on the plot to build on and greater potential with expansion and conversion options on the existing areas, as well as a further house extension are still possible here and can still bring additional cash flows to the monthly income already generated.
It is a developed plot with a detached single-family house and an additional bungalow in a quiet location.
The detached house (main house) was built in 1972, the separate bungalow opposite was built afterwards. In 2007 the house was renovated.
The property has a total area of about 659 m2 and with the current building stock a total living area of about 224 m2 plus the attic.
The single-family house with about 187 m2 living space + attic consists of the ground floor, upper floor and an already substantially developed attic.
After completion of the attic, more living space is achieved and thus an added value of the entire property.
The house has a basement and offers enough space for a hobby room.
The bungalow next to it has about 42 m2 of living space.
The main house with 5 rooms (5 rented accommodation units) has a living space of about 185 m2 and the bungalow with 2 rooms (1 rented accommodation unit) about 42 m2.
Renovation and modernisation work had taken place extensively in 2012/2013.
The "attic" was partly developed in 2012.
The pipes for shower/WC and the radiators are already in place and will be put into operation in winter.
Any finishing work still needs to be done in the attic.
Here you can still realise your own ideas.
The main building was historically a family house.
For a good 7 years now, the 7 rooms/apartments available there have all been rented out individually as an investment property.
The rooms have been structured accordingly, so that there are 2 permanently rented individual rooms on the ground floor and 3 individual rooms on the upper floor.
A reconstruction or further conversion is possible at any time.
*The monthly income received here is paid directly by the state.
*In the bungalow there are 2 bedrooms which are rented out at daily rates to e.g. craftsmen.
The fixed total rental income is currently around € 4,000.00 per month.
The monthly income at the rental prices can be updated higher.
*Main house:
Ground floor with approx. 60m2 living space:
-2bedrooms (individually structurally separated and rented).
-1built-in kitchen
-1bathroom
-1terrace about 20 m2 area
Upper floor with about 125 m2 living space:
-3 bedrooms (individually separated and rented)
-built-in kitchen
-bathroom
-large balcony/terrace open on 3 sides
-fireplace
-attic storey:
-partially already converted (potential for additional living space)-radiators already fitted.
-Finish interior work is possible according to your own wishes
Cellar:
-Full basement
-heat source currently with oil heating burner in separate room
-gas pipes available in the whole street, ready for a desired house connection
*Bungalow with about 42 m2 living space
-2 bedrooms (always rented at daily rate)
-built-in kitchen
-Bathroom
-Floor heating-Terrace
*Garden with planting in front and behind the house
-garden cottage
-at least 2 car parking spaces
*Single garage, connected to the bungalow
***still available, possible potential for additional rental income and added value to the overall complex:
Potential bungalow:
-expandable by another floor
Potential annexe:
-build another bungalow building on the garden plot behind the main house.
Potential main house:
-extend terrace on ground floor to create further living space (room)
-Convert large balcony on 1st floor into further living space (room).
Garage:
-expandable or possible to a double garage
parking spaces:
-expandable
Attic floor:
-additional living space, already partly finished, the remaining work can be realised according to your own wishes.
The whole complex is optimally used and prepared for further yield income.
*Work/renovation still to be done after acquisition:
-The exterior facade could be repainted.
-In the basement area there is a damp spot for waterproofing (survey available).
-Basement area has new coat of plaster.
All the existing buildings are in an intact and partly renovated condition.
Nevertheless, from time to time, due to the higher occupancy rate, any renovation activities are due.
*Service charges:
Total monthly utilities for both buildings amount to about € 400.00 plus € 260.00 for electricity, which will be passed on to the tenants in full.
The property on offer is located in the western Berlin district of Spandau, the Falkenhagener Feld district.
This middle-class and quiet district is mainly surrounded by detached houses and numerous green spaces.
Within walking distance are the "Spektesee" and the "große Spektesee", which together with the Spektewiesen form a well-known and popular recreational area.
Extensive green spaces invite you to take long walks along the water or to picnic.
The Spektefeld sports field is also nearby.
The M37 and 131 bus stops are about 250 metres away.
The daily infrastructure, such as shops for daily needs, are in the immediate vicinity.
Schools, daycare centres and sports clubs are also in the immediate vicinity.
360° tour / Activation for virtual online viewing of the property is possible on request.
You can view the 'Expose' on our website at
or directly under the following link and in other languages.
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All data and information available to us are based on the information provided by the owner or originate from property documents and are reproduced here to the best of our knowledge.
Errors and prior sale reserved.
The legal obligation results exclusively from a notarially concluded purchase contract.
You will find further attractive offers of free and rented condominiums and other real estate properties at:
We also have a very good network of financing possibilities for our clients if the realisation of our own house bank is not fully effective.
You are also welcome to contact me directly by telephone on
+49(0)176-84055531.
Aleksander Vukas, Real Estate Specialist, Real Estate Economist
AV Immobilien Berlin - Real Estate Consulting & Agency
