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

For sale is an exceptionally sturdy and fully core-renovated income property in Köln-Poll: 2 connected multi-family houses with 9 residential units, 2 garages, and 9 parking spaces – fully tenanted, without a single day of vacancy (except during renovation work) or any rental arrears over 12 years. The current annual net cold rent is €98,220, with a realistic potential for an increase of 15-25% in the coming years.

Features & Condition:

7 of the 9 residential units have been completely core-renovated: new electrical and water installations, new floors, new interior and front doors, freshly plastered and sanded walls, as well as completely new bathrooms. The staircases in both houses have been entirely renewed and the front doors replaced with new ones. The gas central heating, completely newly installed in 2023, reliably and cost-effectively supplies both buildings. Only the windows have not yet been replaced – this is the only remaining area for optimization, which could simultaneously improve the energy efficiency rating. Hot water is generated locally.

The 9 Residential Units:

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

• 4 first-floor apartments with large balconies

• 2 top-floor (attic) apartments

• Apartment sizes range between 62-87 sqm

• All units are permanently tenanted

Breakdown 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

• First floor, left, 4-room apartment – approx. 87 sqm

• First floor, right, 3-room apartment – approx. 76 sqm

• Top floor, left, 3-room apartment – approx. 63 sqm

• Top floor, right, 3-room apartment – approx. 63 sqm

• Storage room – approx. 10 sqm

House No. 7 (3 residential units):

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

• First floor, 3-room apartment – approx. 78 sqm

• Top floor, 3-room apartment – approx. 62 sqm

In the basement under the houses, there are 2 large drying rooms, 1 laundry room suitable for 3-4 machines, 1 boiler room, 1 large storage room, and 10 additional rooms.

The roof is in good condition.

The access paths to both houses have been newly paved.

On both sides of the paths there are lawns and flower beds in the front garden area.

What makes this property special:

• Annual net cold rent of €98,232

• Immediate proximity to the Deutzer Hafen, the development project in Cologne

• 12 years of zero vacancies, zero rental arrears, low tenant turnover

• New heating system in 2023 – no investment required in the foreseeable future

• 2 garages + 9 parking spaces, very important given the parking shortage

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

Köln Poll combines quiet, green living with excellent city connections. The Pollerwiesen and the Rhine are within walking distance. A large playground is located in the immediate vicinity.

Everyday shopping options (Aldi, Lidl, bakeries, etc.) are accessible within the district.

Cologne’s 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 establishments, including several kindergartens, childcare centers, primary, and secondary schools.

Crucial for the property’s value development: the estate is located in immediate proximity to the Deutzer Hafen – the largest urban development project in Cologne. A new mixed-use city quarter is being built over 38 hectares directly on the Rhine. The development agreement is in place, and the development is underway. Experts expect a further significant upgrade of the adjacent districts.

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

Viewings are strictly by appointment only.

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