Flat for sale 2 bedroom • 61 m² without real estateKöln Nippes Nordrhein-Westfalen 50733

Compact Investment in Nippes: 5% Rental Yield in Central Cologne!

- Fully developed 2-room shared apartment rental concept, furnished, providing immediate income

- Modernized features with a new bathroom, new kitchen, new heating system, and balcony

- The perfect investment: tax advantages through a durability assessment → higher depreciation possible

PROPERTY DESCRIPTION

The apartment is situated in a four-story multi-family house built in 1967 in the popular Cologne-Nippes district. Covering approximately 61 square meters, it offers an efficient 2-room layout ideally suited for a high-quality shared apartment rental. Following a comprehensive core renovation, the apartment appears bright, well-maintained, and tenant-friendly with a modern look and robust fittings.

RENTAL AND YIELD

- Rented as a 2-room shared apartment

- Total cold rent of 1,300 EUR per month

- Annual cold rent of 15,600 EUR

- Furnishing and concept are tailored to young professionals and project commuters

EQUIPMENT

- Bright, friendly click vinyl flooring in the living areas

- Walls painted white

- Living areas and hallway furnished

- Spacious balcony

- Bathroom completely re-tiled in the wet area and smoothly plastered in the dryer area, with renewed plumbing

- Electrical wiring renewed

- Concealed cistern wall-hung toilet, new washbasin, LED mirror

- New radiators

- White interior doors and new door frames

- New fitted kitchen in timeless white featuring a worktop and appliances

- Basement storage room

Cologne-Nippes is one of the most sought-after neighborhoods in the city, combining urban living with a pleasantly established community. The location benefits from excellent transport connections: tram and bus stops are reachable within minutes, the Cologne main station is only a short ride away, and even by bicycle, the central districts are quickly and comfortably accessible. For commuters, the convenient access to major arterial roads is an added advantage.

The neighborhood itself thrives on its authentic, urban atmosphere. Along the bustling streets, numerous cafés, restaurants, and bistros add an uncomplicated and varied touch to everyday life. At the same time, small independent shops, delicatessens, boutiques, and the charm of a weekly market contribute to a unique blend of local character and big-city comfort.

Nippes offers exactly what many in Cologne are looking for: short distances, a lively environment, strong infrastructure, and a district that feels more and more like home each day.

The apartment is located in the basement (Souterrain) but benefits from its attractive hillside position with a pleasantly bright living feel. Floor-to-ceiling windows allow plenty of daylight, creating an open, friendly atmosphere. An additional balcony extends the living space outdoors, providing a lovely spot to breathe and relax.

The current energy certificate does not yet reflect the modernizations carried out in 2024. In that process, all the property's windows were updated to meet current standards. In addition, the gas central heating system was converted in 2024 to modern condensing technology, which positively affects both efficiency and comfort.

The monthly service charge amounts to 520 EUR and is transparently broken down as follows:

- 270 EUR in allocable costs

- 51 EUR in non-allocable operating costs

- 199 EUR monthly contribution to the maintenance reserve, which has been temporarily increased by the homeowners’ association for a few months in anticipation of a planned renovation in a few years. Substantial reserves already exist for this measure, further securing the planning.

All information is provided to the best of our knowledge; further documents are available upon request.