2 multi-family buildings in Worringen. Individual sale of each building is also possible.

This multi-family house is located in Köln Worringen and offers a total of 6 residential units. With a net cold annual rent of approximately €65,000, the property offers an attractive return for investors. The total area of the multi-family house is approximately 544 m², while the land area is approximately 1222 m². The property therefore offers ample space for residents and creates a pleasant living environment. The gas heating system was installed in 2016. It should be investigated to what extent a new building is feasible on the property. The property offers extension possibilities at both the front and back, regardless of the new building potential, as shown on the floor plan. The property was built in 1972 and consists of 2.5 floors of solid construction. The well-rentable apartment sizes range from 60-120 m² and have an ideal layout as follows:
Ground floor and top floor with balcony:
3-room apartment
2-room apartment
Attic maisonette:
2 apartments with 3-4 rooms
Attic: consisting of a studio apartment each. The multi-family house also has a fully developed basement with a laundry room. The property includes a garage and several parking spaces; a garden plot with a detached house/bungalow. The apartments are very well-maintained.

2. Multi-family building with 4 units; a storage area; 4 garages. Built in 1972, in good condition, with approximately 300 square meters of living space and an additional 20 square meters of storage space. The gross rental income is approximately €47,000.
Purchase price: €1,150,000

Ground floor: 2 rooms, kitchen, hallway, bathroom, with a terrace and garden, and a storage room.
Upper floor: all units have 4 rooms, two toilets, one bathroom, a kitchen, a hallway, a bathroom, and a storage room. Two of the units have a balcony.

The second property has the potential for expansion: additional living space in the attic of up to 70-90 square meters, plus approximately 80-100 square meters in the basement and ground floor.

1. Property: €1,300,000
2. Property: €1,150,000