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Property Description

​An income-producing residential building acquired in Q3 2011 through a local German company. The property is located in the district of Wedding, in an upcoming neighborhood just off Mitte (City Center). The property is composed of two 6-storey buildings constructed in 1910 and 1992 and has 30 residential units & 1 commercial unit. The property provides a high-yield income from rentals relative to its purchase price. Real Capital has structured the transaction, secured financing, and will manage the property.