House for sale • 670 m² without real estateKöln Poll Nordrhein-Westfalen 51105

For sale is an exceptionally solid and fully core-renovated investment property in Cologne-Poll: 2 connected apartment buildings with 9 residential units, 2 garages, and 9 parking spaces – fully rented with not a single day of vacancy (except during the renovation work) or rental arrears in over 12 years. The current annual net cold rent amounts to €98,220, with a realistic potential increase of 15-30% in the coming years.

Features & Condition:

7 of the 9 residential units have been completely core-refurbished:

• New electrical and water installations

• New flooring

• New interior and front doors

• Freshly plastered and sanded walls

• Completely new bathrooms

The staircases in both buildings have been entirely renewed and the entrance doors replaced with new ones. The gas central heating system, completely newly installed in 2023, reliably and cost-effectively supplies both buildings. Only the windows have not yet been replaced – this is the sole remaining area for optimization, which would also improve the property's energy efficiency rating.

Hot water is provided locally.

The 9 Residential Units:

• 3 ground floor apartments, each with approximately 80 sqm of private garden and terrace

• 4 upper floor apartments with spacious balconies

• 2 attic apartments

• Apartment sizes range between 62 and 87 sqm

• All units are permanently rented

Floor Plan Layout of the Individual Apartments:

House No. 5 – 6 residential units:

• Ground Floor, Left – 4-room apartment, approx. 87 sqm

• Ground Floor, Right – 3-room apartment, approx. 76 sqm

• 1st Floor, Left – 4-room apartment, approx. 87 sqm

• 1st Floor, Right – 3-room apartment, approx. 76 sqm

• Attic, Left – 3-room apartment, approx. 62 sqm

• Attic, Right – 3-room apartment, approx. 62 sqm

• Storage Room – approx. 9 sqm

House No. 7 – 3 residential units:

• Ground Floor – 3-room apartment, approx. 75 sqm

• 1st Floor – 3-room apartment, approx. 75 sqm

• Attic – 3-room apartment, approx. 62 sqm

Additional Features:

In the basement beneath the buildings, there are 2 large drying rooms, 1 laundry room for 3-4 machines, 1 heating cellar, 1 spacious basement room, and 10 additional rooms.

The roof is in good condition.

The access paths to both buildings have been newly paved.

On both sides of the paths, the front garden features lawn areas and flower beds.

What Distinguishes This Property:

• Annual net cold rent of €98,232

• Immediate proximity to Deutz Harbor, Cologne’s major development project

• Over 12 years of zero vacancy, zero rental arrears, and low tenant turnover

• A new heating system installed in 2023 – no foreseeable need for further investment

• 2 garages and 9 parking spaces – a significant advantage given the parking shortage

• 3 apartments with their own small garden – in high demand and hard to come by

Cologne Poll combines peaceful, green living with excellent urban connectivity. The Pollerwiesen and the Rhine are within easy walking distance. A large children's playground is located nearby. Everyday shopping options (Aldi, Lidl, baker, etc.) are immediately accessible in the neighborhood.

The Cologne city center can be reached in just a few minutes by car, tram line 7, or bus 159.

There is a wide range of educational institutions including several kindergartens, day-care centers, as well as primary and secondary schools.

A Key Factor in Value Appreciation:

The property is situated in the immediate vicinity of Deutz Harbor – Cologne’s largest urban development project. A new mixed-use urban district is being developed over 38 hectares directly along the Rhine. The development agreement has been completed and the project is underway. Experts expect this to lead to a further significant increase in value in the surrounding districts.

The attached images show examples from the renovated apartments as well as exterior views.

Viewings are by appointment only.

Additional documents such as the rental overview, energy certificate, floor plans, and renovation summary will be provided upon serious inquiry.