Flat for sale 2 bedroom • 59 m² without real estateKöln Innenstadt Nordrhein-Westfalen 50667

For sale is a 2-room condominium with approximately 59 m² of living space in a central location in Cologne that is already rented. The apartment is located in a comprehensively refurbished multi-family building and is very well suited as an investment property due to its location, condition, and ongoing rental income.

The apartment is regularly rented and currently generates a monthly cold rent of approximately €1,420. This is not a shared apartment rental but a standard tenancy agreement. This means that investors will start receiving rental income immediately without having to organize a new rental.

The purchase price is €298,700. With an annual cold rent of approximately €17,040, the gross yield is approximately 5.7% and the purchase factor is about 17.5.

The apartment features 2 rooms, a well-utilized layout, a balcony, a storage cellar, as well as a new bathroom with a walk-in rain shower.

The building has been comprehensively modernized in essential areas. Among other things, the roof, heating system, windows, and various technical and apartment-related installations have been renewed. The energy efficiency rating is C, with gas as the primary energy source.

The sale is conducted directly from the project developer and is commission-free for the buyer. The apartment is located in the heart of Cologne, within walking distance of downtown Cologne.

The surrounding area offers excellent infrastructure with shopping opportunities, restaurants, cafés, medical services, and public transportation all within walking distance. The city center and the main train station are also quickly reachable.

This location is particularly attractive for tenants, as it offers short daily commutes and an urban living environment at the same time. The apartment’s size of approximately 59 m² with 2 rooms appeals to a broad target group, especially singles, couples, professionals, and commuters.

The combination of a central location, good connections, existing rental status, and refurbished condition makes the apartment particularly interesting for investors looking for a well-rentable condominium in Cologne.

The apartment and building have been comprehensively modernized. It is not just a superficial cosmetic renovation but a far-reaching renewal of essential parts.

Overview of features and renovations:

- approximately 59 m² of living space

- 2 rooms

- balcony

- storage cellar

- new bathroom

- walk-in rain shower

- modern sanitary fittings

- modern flooring

- gas central heating

- energy efficiency class C

- renewed windows

- renewed roof

- modernized heating system

- comprehensively refurbished condition

- already rented

- not a shared apartment rental

There is no elevator.

Due to the extensive renovation, the risk of needing short-term refurbishments is significantly reduced in comparison to non-renovated existing properties.

The apartment is already rented and is therefore particularly suitable for investors who desire an immediate rental income.

Financial key data:

- Purchase price: €298,700

- Living space: approximately 59 m²

- Purchase price per m²: approximately €5,063

- Monthly cold rent: approximately €1,420

- Cold rent per m²: approximately €24.00

- Annual cold rent: approximately €17,040

- Gross yield: approximately 5.7%

- Purchase factor: approximately 17.5

- Buyer’s commission: €0

The gross yield is calculated from the annual net cold rent in relation to the purchase price, without taking into account acquisition additional costs, financing, taxes, and non-allocable expenses.

The sale is conducted directly by the project developer and is commission-free for the buyer.

If you are interested, we would be happy to provide you with further information, photos, floor plans, and documents regarding the apartment.