House for sale • 649 m² without real estate, North Rhine-Westphalia

Here is the English translation:

This appealing property is a well-maintained, two-storey, solidly built multi-family house with a gable roof, which is fully basemented. The property offers nine well-designed apartments of varying sizes; each apartment features a cellar storage room and a spacious balcony, and the two large maisonette apartments each have their own garden. With five parking spaces in the underground garage, four parking spaces in front of the house, and a separate garage including a carport, there is ample room for vehicles. The house was built in 1995 and is heated by a new gas central heating system.

The price for the property including the land is €1,849,000. The property is fully rented, there have been no rental defaults, and the current tenant structure can be described as very homogeneous. The net rental income amounts to €77,421.60 per year – which translates to an approximate yield of around 4.19%!

The property is located in a vibrant area in Erftstadt-Liblar. Several bus and train lines operate nearby. Doctors, supermarkets, cafés, a shopping center, kindergartens, all schools, a hospital, and nursing homes are within walking distance. In addition, there are various green spaces and parks, fitness studios, sports facilities, fashion stores, a library, a bookstore, and a music school. Kindergartens and all schools can be found locally, including a Waldorf school. A new college in Liblar for approximately 550 students is under construction; the campus is scheduled to be completed by 2026 and will further enhance the location, serving as a positive indicator for rental and value increases.

It is only about 2 km to the BAB 1/61, around 20 km to Cologne, and 35 km to the airport. In summary, the infrastructure is very good.

The hot water supply in the individual apartments is provided via on-demand water heaters, most of which have already been replaced by electronic units. Extensive renovation work was carried out from 2021 following the flooding. New flooring has been installed on six balconies, while on the remaining three balconies new slabs will be put in at the end of 2026. A new Brötje gas condensing boiler was installed, as was a new KSB lifting system.

In the two basement apartments, the bathrooms have been completely renewed, as have the floor coverings, radiators, and interior doors, and triple-glazed plastic doors and window elements were installed. The remaining wooden doors and windows are double glazed and still in good condition.

The caretaker also lives in the house; he takes care of the small everyday tasks in and around the property. He does not receive any special benefits but is employed as a mini-jobber with his costs apportioned to all rental units.

After the required tax holding period, the property is offered for sale commission-free without having to be removed from a broker’s private portfolio. An economic transfer is, therefore, possible at any time. All ancillary house costs for 2026 have already been paid! Due to the owner’s stays abroad, the property is only temporarily on the market!