Property Description

An income-producing residential building acquired in Q3 2012 through a local German company. The property is located in Charlottenburg a demanded residential neighborhoods and in the vicinity of the Technical University. The corner property was constructed in 1988 with 35 units, 31 residential and 4 retail, with a total rentable area of 2,822m².  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.