| Type | Block of flats |
|---|---|
| Living area approx. | 446 m² |
| Bedrooms | 8 |
| Rooms | 14 |
|---|---|
| Bathrooms | 6 |
| Plot area | 769 m² |
|---|---|
| Usable floor area | 453 m² |
| Purchase price | 1.199.000 € |
|---|---|
| Price per m² | 2,688.34 €/m² |
| Commission | 0 |
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This extremely well-maintained and continuously modernized multi-family house presents itself as a sustainable investment with excellent rental potential and low maintenance requirements. The solidly built, brick-clad property with a partial basement, dating from 1962, is situated in a conveniently connected location in Weilerswist between Cologne and Bonn and was extended in 1995 by adding the upper and attic floors, as well as extensively renovated, refurbished and modernized.
Six residential units with attractive layouts and good features are distributed over approximately 446 m² of living space. 5 apartments, including the bathrooms, have been modernized in recent years. Particularly noteworthy is the high-quality ground-floor apartment, which was extensively renovated in 2010 and the years thereafter and features a spacious south-facing terrace. The recently modernized large apartment on the upper floor also impresses with its contemporary standard of fittings. Two residential units are attractively and modernly furnished, and another apartment is partially furnished. They offer additional rental opportunities, for example in the furnished housing or temporary living sectors.
A secondary building is located to the side of the residential house and contains a disused swimming pool of approximately 80 m². This area could potentially be converted into an additional residential unit, subject to submitting an application for a change of use.
The approximately 769 m² plot comprises an inner courtyard, a terrace and extensive parking options with a total of eight outdoor parking spaces and two garages, some of which are rented out and generate additional rental income. The basement was extensively renovated and dried out in 2012, further underlining the very good overall condition of the property. The existing oil heating system dates from 2013 and is therefore comparatively recent.
The property generates annual net cold rent (target) of approximately €68,160. Several tenancy agreements already include stepped-rent arrangements and therefore offer attractive potential for rent increases. Thanks to its well-maintained condition, extensive modernizations and solid tenant structure, the property is particularly suitable for investors seeking a largely worry-free existing property with stable returns and a long-term perspective.
The combination of good transport connections, modernized condition, attractive features and Additional income from garages and parking spaces makes this apartment building a compelling investment opportunity in the sought-after area between Cologne and Bonn.
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