| Type | Block of flats |
|---|---|
| Living area approx. | 348 m² |
| Plot area | 382 m² |
|---|
| Purchase price | 1.932.000 € |
|---|---|
| Price per m² | 5,545.67 €/m² |
| Commission | 2,975% (2,975 % inkl. MwSt vom not. Kaufpreis) |
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More financing calculators and assumptionsFully rented investment property with development potential in Cologne-Riehl.
The apartment building constructed in 1975 comprises six residential units with a total living area of approx. 348 m², as well as a commercial unit of approx. 79 m². This results in a total rented area of approx. 427 m². An up-to-date calculation of the residential and usable areas has been commissioned by the owner. The area details are therefore provisional and may differ from the final calculation.
The building has a full basement and, following extensive modernization measures, is largely in a contemporary condition. The combination of full occupancy, market-oriented apartment sizes and an attractive location in Cologne offers investors a solid and readily calculable investment basis.
A division under the German Condominium Act is generally possible, but requires a final review under building law, as well as technical and legal review. No binding assurance is associated with this.
The property offered has been assigned energy efficiency class E. All units have electrically operated underfloor heating. Insulation of the façade and parts of the roof additionally contribute to the building’s energy standard.
The property has been continuously maintained since 2000 and modernized in various areas. More extensive measures were carried out in particular in 2020 in the apartments on the 1st upper floor. Further renovation and modernization work was carried out through and including 2024. Three bathrooms – two in the attic and one on the right side of the 2nd upper floor – are still predominantly in the condition dating from the year of construction.
The property is fully rented and currently generates annual net cold rent of €81,300. Based on the asking purchase price of €1,932,000, this results in:
-A gross rental yield of approx. 4.2%
-A purchase price factor of approx. 23.8
The apartment building offered comprises six residential units and one commercial unit. Apart from one new tenancy, the leases are long-term. The broad distribution of rental income across several units reduces dependence on individual tenants and supports a stable income situation.
The apartment sizes range from approx. 40 m² to approx. 90 m². The property therefore offers compact, market-oriented units that appeal to different target groups such as singles, Appeal to couples, seniors and smaller households.
The commercial unit complements the mix of uses without the property being predominantly dependent on commercial letting.
Advantages for investors:
-Fully let with no current vacancy
-Current annual net cold rent of €81,300
-Six market-oriented residential units and only one commercial unit
-Unit sizes from approx. 40 m² to approx. 90 m²
-Comprehensive renovation and modernization measures most recently carried out in 2024
-Manageable short- to medium-term maintenance requirements
-Long-term-oriented rental structure
-Stable distribution of income among several tenants
-Possible subdivision in accordance with the German Condominium Act, subject to final review
-Flexible strategy combining holding the existing property and a possible later individual sale
The apartment building combines an attractive location in Cologne-Riehl with a stable rental situation and a comprehensively modernized building condition. It is particularly suitable for investors seeking a fully let existing property with readily calculable income and additional development opportunities.
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