Flat in Koeln, Germany, 64.6 m²

A 3-room apartment of type D is offered.
The apartment and apartment building are located on a plot of land that has been under construction since 1972. The term of the building right is 99 years and expires in 2071. The entire amount of rent for the right of development has already been fully paid, therefore, there are no additional costs for the new owner on this basis.
The apartment has been leased for a long term since 06/01/2023.
Cold rental: 550,00 euros per month
Operating costs: 300.00 euros per month
Warm rental: 850,00 euros per month
Monthly house maintenance fee: 414.00 euros
The apartment is a reliable source of income. For investors, this offer opens up the possibility of stable profitability, while the facility without repair has the potential for a subsequent increase in value.
This apartment building is an attractive option for investors focused on making stable profits through long-term rental income. The building right ensures the long-term use of the land until 2071, which should be taken into account when pricing.
The apartment is located on the 5th floor of an apartment building with a total of 167 apartments. The living area is 64.6 m2, the layout includes 3 rooms. The apartment has not been renovated and is being rented in its current condition, which gives potential buyers the opportunity to equip it according to their own preferences.
Roof: flat
Exterior walls: facade made of washed concrete
Windows: plastic windows, partially double glazed
Bathroom: tiled
Heating / hot water supply: district heating
Loggia: The apartment has a loggia that provides additional outdoor space.
The apartment is located in the Mechernich district, a quiet and green part of the south of Cologne with good public transport links and convenient access to major highways. The environment combines urban comfort and elements of rural idyll. Shops, schools and leisure facilities are located in the immediate vicinity.