Tenanted apartments in Berlin ideal for cash investors

Investing in Berlin is currently a hot issue among real estate experts, particularly after the stagnation of property prices demonstrated over the last decade. However prices are starting to adjust and with prices forecasted to significantly increase over the next decade the overall situation provides for a risk free investment particularly as the rental market is burgeoning. With this in mind IMOINVEST is now pleased to bring individual investors the opportunity to invest in tenanted apartments on the Berlin market.

Ritterstrasse is located at the northern edge of the Kreuzberg district and close to the district of Mitte. This is an area fast gaining increased attention due to its close location to the Potsdamer Platz. It is an area with an abundance of entertainment facilities including cinemas, theatres and shopping opportunities and is ideally placed to benefit from the metro.

There are 12 one bedroom apartments in total each coming to the market with sitting tenants. These buy to let residential units are part of an apartment block constructed in 1957 with a solid and well maintained structure which has seen several modernizations over the years including a new roof structure, windows and the installation of a new heating system.

Julien Lu, Regional Director of IMOINVEST says, “This is a superb opportunity for cash only buyers. The location is hard to beat and that fact that each property comes with sitting tenants is ideal for those investors looking to reap immediate rewards from this exciting rental market. Having been thoroughly modernised over the years investors will have peace of mind in regards to maintenance issues and this investment will give flexibility as it is a self managed project. Property management services are not contractually guaranteed but will either be arranged for the investor or sourced on the open market directly. Perhaps more importantly these apartments come to the market with the purchase price actually below the prevailing market value, which means that investors are assured of good capital appreciation form the outset.”

Prices at Ritterstrasse start from just £35,455 rising up to £43,734 for the larger one bedroom apartments. Expected rental income is estimated at 8.71%. For further information, visit imoinvest.com.