3-room Multi-family house, 488 m² · Köln

Property description: A well-maintained, continuously modernized multi-family house with 10 residential units and four single garages is offered in the Cologne district of Raderberg. The property was built in 1967 and expanded in 1971 with a roof extension. The property offers a total living area of approximately 448 m² and a usable area of about 40 m² for four single garages. Distribution of the 10 residential units and garages: • 6 apartments (each 52.8 m²): 3 rooms, kitchen, bathroom, storage room, south-facing balcony. • 2 attic apartments (each 42.0 m²): 2 rooms, kitchen, bathroom, storage room. • 2 studios (each 23.6 m²): 1 room, kitchenette, bathroom, storage room. Additionally, there are 4 garages with parking spaces in front on the ground floor. Annual rental income: 91,800 EUR The property is in very good, continuously modernized condition. • Windows: White plastic windows with double glazing. • Floors: Mostly low-maintenance laminate and tiles. • Bathrooms: Bathrooms are tiled in white and equipped with white sanitary objects. • Interior: Apartment entrance doors and the front door have been renewed. Thoughtful floor plans allow for highly efficient use of space. Harmonious and pleasant tenant clientele, no rental arrears, no legal disputes. Historically no vacancies due to the highly marketable apartment sizes. The sale of this property is commission-free directly from the owner. No broker fees apply to the buyer. Broker inquiries are not welcome. Location: Cologne-Raderberg has developed into a popular residential address in recent years due to targeted urban development investments. Quiet cul-de-sac with good parking options in a popular residential area of Cologne. Located between Bonner and Brühler Straße, in direct proximity to Vorgebirgspark. Strategic location levers & future forecast • Mega project 'Parkstadt Süd' at the doorstep: The property benefits directly from one of the largest inner-city urban development projects in Germany. With the planned completion of the inner green belt, a new park landscape of approximately 115 hectares will be created in direct proximity (about 600 m) to the Rhine river, significantly enhancing the living environment and rental potential. • Urban development upgrade of Bonner Straße: The comprehensive reconstruction of the nearby main artery Bonner Straße will modernize the entire street space, green it, and equip it with excellent infrastructure. • Quantum leap in infrastructure through new public transport connection: With the completion of the 3rd construction phase of the North-South light rail, the location will receive a new, state-of-the-art rail connection. The future stop is reachable within a few minutes on foot and connects tenants directly to Cologne city center and the main train station in just about 10 minutes by rail. You are acquiring a future-proof investment that combines stable returns with the long-term value appreciation potential of the Cologne metropolitan region. Renovation history & energy measures The property has been continuously brought to a modern, energy-efficient standard over decades. • 1990s: Installation of white, double-glazed plastic windows. • 2000: Insulation of the gable side. • 2009: Energy upgrade of the rear of the house using WDBVS. • 2010: Complete repaving of outdoor areas. • 2021: Modern gas condensing central heating. • 2023: Complete renewal of the roof covering with insulation. • 2023: Renovation of all 6 balconies. • 2025: High-quality security and energy-saving front door. • 2025: Energy optimization of all apartment entrance doors. The energy certificate is available during the viewing. Inquiries should include full name and address. LEGAL NOTICE & DISCLAIMER No warranty, guarantee, or liability is assumed for the accuracy, completeness, timeliness, and error-free nature of the information provided. The description serves only as non-binding initial information for potential buyers and does not constitute a contractual offer. A sale in between, errors, and changes are expressly reserved.