Property Description

An income-producing residential building acquired in Q3 2012 through a local German company. The property is located in Weisensee a demanded residential neighborhoods. The corner property was constructed in 1996 with 43 units, 41 residential and 2 retail, with a total rentable area of 2,822m².  The property also has 13 underground parking spaces. Since the property is located in a very good residential area, the strategy is to upgrade the building and maintain it as a long-term investment. Real Capital has structured the transaction, secured financing, and will manage the property.