House for sale 6+1 • 200 m² without real estateKölner Straße 22 Mönchengladbach Odenkirchen Nordrhein-Westfalen 41199

For sale is a fully rented multi-family house in Mönchengladbach-Odenkirchen (41199).

The building, constructed around 1906, offers approximately 200 m² of living space on a plot of about 407 m² and presents an interesting opportunity for investors. Currently, four separate rental contracts exist, with a total monthly cold rent of €1,985, or an annual cold rent of €23,820.

At the offered asking price of €299,000 negotiable, the current leasing yields a gross rental return of approximately 7.97% and a purchase price factor of around 12.6.

The multi-family house comprises three residential units. The ground floor is currently divided into two separate, independently rented residential areas, so that there are presently a total of four separate rental agreements.

Distribution:

Ground Floor – Residential Area 1 | approximately 45 m²

1 room, kitchen, bathroom – rented separately

Ground Floor – Residential Area 2 / Maisonette | approximately 55 m²

2 rooms, kitchen, bathroom – rented separately

1st Floor | approximately 50 m²

2 rooms, kitchen, bathroom – rented

2nd Floor | approximately 50 m²

2 rooms, kitchen, bathroom – rented

Current monthly cold rents:

- €600

- €640

- €255

- €490

Total cold rent: €1,985 monthly

Annual cold rent: €23,820

In one of the long-standing rental contracts, the current rent is comparatively low. This may offer additional potential for rent increases within the limits of the law.

The property also includes a basement and a rear garden area.

In the attic, there is an additional area of approximately 25 m² with further usage and development potential. Any possible extension of the living space is subject to review based on planning conditions and the necessary permits.

The building is in an age-appropriate condition, partially in need of renovation, and offers a future owner the possibility to gradually modernize and further optimize the property.

The multi-family house is located in Mönchengladbach-Odenkirchen, 41199, in a well-established residential area.

Odenkirchen boasts good infrastructure with shopping options, schools, kindergartens, doctors, and other everyday facilities.

The district is well connected to public transport as well as the regional road network, making other parts of Mönchengladbach and the surrounding cities easily accessible.

The combination of the residential location, existing infrastructure, and transport connections makes this site particularly interesting for long-term rental investments.

Purchase Price: €299,000 negotiable

The sale is conducted privately without commission.

The property is currently fully rented and is especially suitable for investors looking for an asset with existing rental income and additional development potential.

Further information and documentation on the property can be provided upon serious purchase interest.

Viewings are possible by appointment.

Please note that the property comprises three residential units. On the ground floor, there are currently two spatially separated and separately rented residential areas, so that there are presently a total of four rental agreements.

Any future structural changes, changes of use, or extensions – particularly regarding the attic area – must be examined by the buyer in terms of their planning law compliance and any necessary permits.

Purchase Price: €299,000 negotiable

The sale is conducted privately without commission.

The property is currently fully rented and is especially suitable for investors looking for an asset with existing rental income and additional development potential.

Further information and documentation on the property can be provided upon serious purchase interest.

Viewings are possible by appointment.

Please note that the property comprises three residential units. On the ground floor, there are currently two spatially separated and separately rented residential areas, so that there are presently a total of four rental agreements.

Any future structural changes, changes of use, or expansions – particularly regarding the attic area – must be reviewed by the buyer in terms of their planning law compliance and any necessary permits.