Return meets flexibility

Information

Selling Price & Extra Costs

About this dream investment property

Property Description

This four-unit house, built in solid construction in 1972, is situated on a plot of approx. 350 m² and has a total living area of around 311 m², spread over four separate residential units. The classic structure of the house ensures sustainable lettability as well as versatile usage options, making the property particularly interesting for both investors and owner-occupiers.

The ground-floor apartment with a living area of approx. 83 m² is currently vacant and offers the future owner maximum flexibility. If re-let at an example rent of 15 EUR per m², an annual net cold rent of 14,940 EUR can be achieved here. Alternatively, the apartment offers the possibility of owner-occupation, while simultaneously benefiting from the rental income of the remaining units.

The already rented apartments currently generate a monthly net cold rent of 339 EUR in the basement level, 647 EUR on the first upper floor, and 850 EUR for the maisonette apartment in the top floor. Together, these units generate an annual net cold rent of 22,032 EUR. With a new letting of the ground-floor apartment, this results in a potential total annual net cold rent of 36,972 EUR.

Based on the purchase price, this corresponds to a gross rental yield of around 4.36%. In addition, there is generally the possibility of increasing the rents by up to 15% within the framework of the statutory cap. If this potential were fully realized on a calculated basis, the total annual net cold rent would rise to 42,517.80 EUR, corresponding to a gross rental yield of around 5.01%.

A particular added value of the property lies in the currently vacant ground-floor apartment, which offers the purchaser maximum flexibility. It can either be occupied immediately by the owner or re-let, thus opening up attractive opportunities for both owner-occupiers and investors. In addition, there is the option of creating direct access from the balcony to the garden and further enhancing the apartment's living comfort. Alternatively, the garden area can be used as a shared garden for all residents.

Overall, this property represents a solid investment with immediate rental income and additional development potential. The combination of existing tenancies and the vacant ground-floor apartment allows both a high-yield full rental and an attractive owner-occupation option with continuing rental income from the other three residential units.
The property is located in an established, well-demanded residential area in eastern Cologne with convincing local amenities and very good everyday functionality. Shopping facilities for daily needs are nearby: a REWE and a Netto Marken Discount are each reachable within a few minutes on foot. The offer is complemented by a Rossmann drugstore in the immediate vicinity. Several medical care points are available for basic healthcare, including the Römer Apotheke and the Margareten Apotheke, as well as a general medical practice and an eye center at a short distance.

Letting also benefits from the strong infrastructure: the Flehbachstr. and Brück Mauspfad light rail station on line 1 is within walking distance and provides a quick connection to the city center and important transport hubs. In addition, bus stops such as Brück Mauspfad and Olpener Straße are nearby. For drivers, the location is also practical, as the Cologne ring motorway with its connections in the area of the Heumar motorway interchange can be reached quickly. Cologne Bonn Airport can be reached by car in a short time and strengthens the location quality for commuters and frequent flyers.

The immediate surroundings offer further advantages that pay off in everyday life and when renting out: a nearby park creates a pleasant quality of stay, and restaurants such as La Vecchia Trattoria offer short distances for dining and meeting places. Schools and daycare centers are also located in the nearby surroundings, which additionally makes the location attractive for long-term rental relationships.

From a market perspective, the key figures speak for stability: a low vacancy rate of approx. 1.9 percent indicates solid demand. The mix of very good amenities, proximity to public transport, and quick accessibility to important transport routes makes this location a convincing basis for sustainable renting and value retention.
The property presents itself in solid and well-kept condition with functional yet homely features. In the ground-floor apartment, the living rooms are fitted with tiles, giving a low-maintenance and timeless impression. The house is heated by newly installed individual heating systems, ensuring modern and efficient heat supply. All apartments have double-glazed windows.

The bathrooms are each equipped with a shower and have a practical, classic design; comparable standards of fittings can also be assumed for the upper apartments. Overall, the property comprises 4-room, 3-room, and 1-room apartments, which provides good lettability for different target groups.

Another major plus is the spacious garden area, which is assigned especially to the ground-floor apartment and, together with the terrace, creates a high quality of stay outdoors. In addition, two of the apartments have balconies and the basement apartment has a terrace, which further increase living comfort. The building is fully basemented and therefore offers additional usable and storage space for all units.
If you value a quiet yet central location, an impressive layout, and an upscale environment, this property is the ideal offer for you.

We offer you a free 24/7 hotline (0800-6460646). If interested, simply request the exposé with some additional content. It will usually be sent to you automatically at short notice. If you wish to view the property, it is best to reply to the exposé by email; we will then get back to you promptly with suggestions for appointments. Please always provide your full contact details.

The property description is based wholly or in part on information provided by the owner. We assume no liability for the accuracy or completeness.

Would you like to market your property professionally as well? Call us; we are personally at your side from Mon. to Sun. from 6.00 a.m. to 10.00 p.m., with over 200,000 active interested parties already waiting for you.

The content and images of this exposé may have been created with the help of artificial intelligence (AI).

Location