Beds: 2

Overview

With an in-place tenant, this 64-sqm, 2-room apartment with balcony on the 1st floor of T.Street 225 represents a rare and attractive investment opportunity on one of Berlin-Mitte’s most popular streets. Ideally located on vibrant Torstrasse, this modernized apartment offers easy access to public transport and is surrounded by a host of restaurants and cultural venues, as well as a large number of employers in the immediate vicinity Â- all factors that enhance the long-term rentability of this this highly desirable apartment.
Berlin is not only popular, it is also experiencing sustained population growth. This has created a massive surplus of demand for rental units. And according to forecasts, demand is set to remain high for many years to come: the city needs an additional 20,450 residential units every year until 2030. Completions, however, continue to fall short of this target: only 19,000 new apartments were completed in 2019, for example. In the medium term, the housing market is likely to tighten further as the number of building permits issued is already falling and authorities are failing to zone enough new building land, both of which are restricting the pipeline of new housing units.

Details

  • Property ID:
    96418_12704
  • Home Area:
    6352 sqft
  • Rooms:
    2
  • Beds:
    2
  • Price:
    $436,395
  • Property Status:

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