House for sale • 207 m² without real estateKöln Mülheim Nordrhein-Westfalen 51063

For sale is a largely modernized multi-family house with 4 residential units in the sought-after area of Cologne-Mülheim, just 150 meters from Deutz-Mülheimer Straße.

Built in 1955 with solid construction techniques, the property was extensively modernized in key areas in 2020/2021 and offers an attractive basis for investors, capital providers, or project developers focusing on value-add and development strategies.

The property is currently used as furnished accommodation and can be vacated on short notice. This creates an ideal starting point for re-letting, repositioning, or individual further development without existing tenancy agreements.

Expansion & Development Potential:

Particularly attractive is the additional potential for development through the possibility of adding a complete extra floor with approximately 55 m² of living space (subject to building permit review). This offers additional potential for value enhancement and rental income for investors and project developers.

Further optimization possibilities exist in the areas of:

– Heating system

– Some windows

Possible Use Concepts:

– Traditional rental

– Furnished accommodation / serviced apartments

– Value-add strategy

– Conversion into condominiums (subject to official approval)

– A combination of owner occupancy and rental

– Extension by adding an extra residential unit within the framework of the possible expansion

Highlights at a Glance:

• 4 residential units

• Immediately available

• Roof renewed including 3 dormers

• Modernized electrical system and bathrooms

• Solid building structure

• Expansion potential: additional floor of approximately 55 m² possible

• Attractive investment and development potential

• Good rental prospects

• Commission-free sale directly from the owner

Further documents and viewing appointments are available upon personal contact.

The property is located in Cologne-Mülheim, a dynamically growing district with high demand and excellent infrastructural connections. Its proximity to Koelnmesse and the Lanxess Arena makes it an ideal location for furnished accommodation, business apartments, or high-yield rentals.

Shopping facilities, schools, public transportation, and amenities for everyday needs are quickly accessible.

The location impresses with good rental prospects, an urban environment, and long-term value enhancement and development potential within the Cologne real estate market.

Features / Completed Measures:

– Roof renewed including 3 dormers

– Complete renewal of the electrical installation in all four apartments, including riser lines, staircase, and basement

– New intercom system

– All bathrooms renewed

– Entrance doors of all four units replaced

– New rendering on the balconies

– Facade painted

– Windows on the ground floor renewed in 2012, made of robust plastic frames with double glazing and thermal insulation

– Water pipes in the basement additionally insulated

– The basic structure of the building is in very good condition

– Most of the cost-intensive renovation measures have already been completed.