House for sale • 220 m² without real estateKölner Straße 185, , North Rhine-Westphalia

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Here comes your capital investment with 3 residential units centrally located in Frechen.

Property type: Multi-family house

Year built: 1955

Plot size: 321 m²

Living area:

152 m² (excluding T and WG of the ground floor)

+ 35 m² additionally developed attic

3 units:

– Ground Floor: 3 rooms, kitchen, hallway, bathroom, WC, terrace with conservatory, 100 m²

– First Floor: 3 rooms, kitchen, hallway, bathroom, WC, loggia, 70 m²

– Attic: 1 room, kitchen, hallway, bathroom, WC, 35 m²

Garden: approximately 60 m²

Orientation: South

Rooms: 8

Number of bathrooms: 3

Guest WC: yes

Car parking spaces: 4

Type of heating: Gas heating

Year of heating system: 1995

Energy source: Gas

Energy performance value: H/373 kWh/(m²a)

The building, constructed in 1955, impresses with its solid construction featuring reinforced concrete ceilings and offers a total living area of approximately 243 m². All spaces are approved, and there are no known contamination issues, which provides you as the buyer with security.

Currently, the multi-family house is fully rented, ensuring a stable income situation. The current annual net cold rent amounts to €25,578. In addition, further income potential is offered by renting out five existing parking spaces, which can increase the total annual net cold rent to €36,000. An unrented advertising area also opens up additional opportunities for generating income.

The ground floor covers approximately 100 m² and consists of 2 bedrooms, a living area with access to a terrace that leads to a conservatory and a south garden, a kitchen, a bathroom with a bathtub, and a separate WC.

On the first floor there is a residential unit of approximately 70 m², which includes 2 bedrooms, a living area, as well as a bathroom with a bathtub and a separate WC.

The attic forms the smallest unit with 35 m² and is divided into a living and sleeping area with a kitchen, as well as a bathroom with a bathtub and a separate WC.

The basement offers a laundry room along with additional storage rooms.

Additionally, there is at least one dedicated parking space in front of the building for each tenant.

3-family house with rented advertising space

Frechen, with its 53,000 inhabitants, is a town to live, work, and enjoy life. Located just ten kilometers west of the gates of Cologne, it offers favorable transport connections in all directions. Whether it’s art & culture, sports & leisure, social services, or a relaxed shopping stroll – Frechen has a lot to offer.

In Frechen the surroundings are appealing and the quality of life is guaranteed. Visitors to this city soon notice its Rhineland character. Traditional customs are an integral part of leisure time for much of the population. In Frechen, Carnival is celebrated with the same enthusiasm as traditional marksmen festivals – and this has been the case for centuries. Social services are highly valued: a modern hospital and over 70 practicing doctors throughout the city ensure medical care. In addition to their educational mission, about 20 kindergartens and one special education facility fulfill an important role. The excellent work with seniors in the city is also exemplary.

Frechen is one of the most dynamic economic regions in the Cologne area. This is evident not only from the manufacturing and research facilities in the brown coal, stoneware, and quartz industries, but also from studies that repeatedly show Frechen boasts an exceptionally high and diverse range of job opportunities as well as significant retail importance. Well-known, internationally operating companies have established their headquarters or major branches here. Working in Frechen also means employment in traditional craft businesses, in wholesale and retail, in administrative professions, or in manufacturing. The pedestrian zone in the city center invites you to a pleasant atmosphere for shopping and relaxation – shopping here is an enjoyable experience. Its central location near Cologne, with motorway and train connections in close proximity, is an additional advantage.

Important modernizations have already been carried out: the roof was renewed in 2005, and a gas central heating system from 1995 provides the heating. The double-glazed plastic windows from 1970 contribute to energy efficiency, while the electrical system of the house has been partially updated to meet today’s standards.