Flat for sale 4+1 • 75 m² without real estateMülheim Nordrhein-Westfalen 51063

This rented 4-room condominium is located in a well-maintained residential complex in 51063 Cologne-Mülheim – one of the most dynamic and sought-after districts in Cologne. The property offers development potential (purchase below market value) and immediate cash flow.

Fixed price of only €230,000 (approx. €3,056/m²) – clearly below the local average price of €4,000–4,500/m² in the region.

Key facts:

◆ Purchase price (fixed price): €230,000

◆ Current cold rent: €720/month

◆ Rental yield: 3.8% / Living area: 75 m² (without balcony)

◆ Estimated market value after modernization: up to approx. €300,000

◆ Significant potential for value increase through modernization

◆ The current tenant is open to moving into a new apartment

With a modest renovation cost of approx. €10,000 (upon tenant change), an increase in value of over €70,000 can be achieved.

Your advantages at a glance:

◆ Well-maintained residential complex with a solid owners’ community in an attractive location in Cologne-Mülheim

◆ Monthly service charge: €325 (water heating due 2026), non-allocable costs approx. €155

Important note: Due to high demand, we send documents and schedule viewing appointments exclusively to interested parties with financing confirmation or proof of equity. We are happy to assist you with financing.

You will receive the complete exposé with floor plan, photos, and all documents after the prerequisites have been verified.

The district of Cologne-Mülheim on the right bank of the Rhine has been developing for years into one of Cologne's most attractive residential areas and benefits from extensive investments, excellent infrastructure, and close proximity to the city center.

All daily amenities – supermarkets, doctors, pharmacies, schools, and kindergartens – are easily accessible. The district offers excellent connections to public transportation as well as to Cologne's city center and the motorways.

Cologne-Mülheim is one of the districts with positive development. The combination of good infrastructure, an attractive location, and consistently high demand makes this location interesting both for investors and for long-term rentals.

All information in this exposé is based on my own knowledge as well as on information provided to me by third parties. Despite careful verification, I cannot guarantee the accuracy, completeness, and timeliness of the information provided. All details, especially regarding areas, rental conditions, yields, equipment features, and other property data, are for non-binding preliminary information only. Errors, changes, and interim sales are expressly reserved. Only the provisions of the notarized purchase contract are legally binding.

Agents inquiries are not welcome! According to § 7 UWG, uninvited contacts by agents without the explicit consent of the recipient are prohibited!