$1,159,549

For sale is a residential and commercial building in mint condition with approx. 70 percent residential share in 5 units, divided in real terms. The building is one of the most beautiful buildings in the town of Mittenwalde and is located directly in the town center. The house was built around 1890. In 2012, the owner of the property (architect) took over the planning and construction management of the core renovation of the residential ensemble himself. A completely new building was constructed on the historic foundation walls. The approx. 347 m² of living space is spread over a street-side front building with 3 floors. An inner courtyard offers green views over the rooftops of Mittenwalde and provides a view of a quiet and well-kept residential ensemble. The residential and commercial building has two retail, office or practice spaces on the first floor. The upper floor has two apartments, each with high-quality fitted kitchens and bathrooms. This floor is currently still let. The spacious and sunny top floor is divided into a large 2-room apartment with a roof terrace (living room). This residential unit has also been equipped with a high-quality master bathroom, a guest WC and a fitted kitchen. Due to the owner's owner-occupation, the property is in a very well-kept condition. Secure re-letting of the residential and commercial units is guaranteed at all times, as the region around Mittenwalde is developing into a very up-and-coming community. Many large companies and tradespeople have located in the immediate vicinity. The shed in the backyard is not for sale. The property will be handed over in agreement with the seller. FOR CAPITAL INVESTORS: - Assumed rent of €15/m² x 347 m² = €5,205 x 12 = €62,460 p.a. - Gross yield: 6.24 % - X-factor: 16.01 - Rental income on the 1st floor = €36,000 p.a. - Ground floor and first floor are used by the current owner, can be vacated

Amenities

• Bedrooms: 3
• Full Bathrooms: 5
• Partial Bathrooms: 0
• Property Type: Residential
• Year Built: 2012
• Built in 2012
• Home size: 3,735 ft² / 346.99 m²
• MLS: 25206040-KAP
• Status: Active