Apartment house in Köln with 11 apartments, for sale

Property description

Property Overview & Key Facts

Purchase Price: €1,750,000
Target Annual Net Rent (p.a.): Approx. €99,506
Price Multiplier: 19x
Total Living Space: Approx. 600 m²
Plot Size: Approx. 385 m²
Units: 11 residential apartments
Parking: 4 outdoor parking spaces on the property
Year of Construction: 1956 (continually modernized)

Investment Highlights & Potential

Lucrative Portfolio Addition: A well-maintained multi-family residential building from private ownership offering a solid yield structure.
Value-Add Potential: Growth opportunities through future rent adjustments and ongoing modernization.
High Demand Location: Strong, sustainable rental demand ensuring stable occupancy rates.
Asset Quality: Solid building structure, well-kept common areas, functional floor plans, and partially modernized units with bright rooms and attractive layouts.
Outdoor Amenities: Features a communal garden area and 4 dedicated parking spaces.

Location & Infrastructure

Situated on the highly sought-after right-bank (rechtsrheinisch) side of Cologne, this property combines urban convenience with high residential appeal:

Central Positioning: Close proximity to the vibrant Wiener Platz square.

Connectivity: Excellent public transport (ÖPNV) connections allowing fast, seamless access to downtown Cologne.

Convenience: Shopping options, daily amenities, and services are all within comfortable walking distance.

Contact us today for further details, financial breakdowns, or to arrange an exclusive viewing appointment.

Agency/brokerage agreement is signed prior to visiting all the properties. Commission depends upon particular country and region.
It is also necessary to submit presentation of your company and official Letter of Intent (LOI) for due diligence procedure.

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