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. The property, built in 1955 with robust solid construction, was comprehensively modernized in essential areas in the recent years 2020/2021 and offers an attractive basis for investors, financial buyers, or project developers focusing on value-add and development strategies.

The property is currently used as furnished accommodation and can be made available on short notice. This creates an ideal starting point for new leasing, repositioning, or individual further development without existing rental contracts.

Expansion & Development Potential:

Particularly attractive is the additional development potential through the possibility of adding an entire additional floor with approximately 55 m² of living space (subject to building regulations). This opens up further potential for value enhancement and increased rental income for investors and project developers.

Additional optimization options exist in the following areas:

- Heating system

- Some windows

Possible Usage Concepts:

- Traditional rental

- Furnished living / Serviced Apartments

- Value-add strategy

- Conversion into condominiums (subject to official approval)

- Combination of owner-occupation and rental

- Expansion by adding an extra residential unit as part of the possible additional floor

Highlights at a Glance:

• 4 residential units

• Immediately available

• Roof renewed including 3 dormer windows

• Electrical systems and bathrooms modernized

• Solid building structure

• Potential for additional floor: an extra floor with approximately 55 m² possible

• Attractive investment and development potential

• Good rental prospects

• Commission-free sale directly from the owner

Additional documents and viewing appointments will be provided after personal contact. The property is located in Cologne-Mülheim, a dynamically growing district with high demand and excellent infrastructure connections. Its proximity to Koelnmesse and the Lanxess Arena makes the location ideal for furnished living, business apartments, or a high-yield rental. Shopping opportunities, schools, public transportation, and everyday facilities are easily accessible. The location impresses with its solid rental market, urban environment, and long-term potential for value increase and development within the Cologne real estate market.

Features / Measures Already Carried Out:

• Roof renewed including 3 dormer windows

• 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 renewed

• New plastering of the balconies

• Facade painting

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

• Additional insulation applied to water pipes in the basement

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

• Most of the high-cost renovation measures have already been completed