For sale: A 3-family house.

Here is your investment property with 3 residential units, centrally located in Frechen.
Property type: Multi-family house
Year built: 1955
Land area: 321 m²
Living area:
152 m² (excluding the ground floor apartment)
+ 35 m² converted attic
Units:
- Ground floor: 3 rooms, living room, dining room, bathroom, WC, apartment with separate kitchen, 100 m²
- First floor: 3 rooms, living room, dining room, bathroom, WC, loggia, 70 m²
- Attic: 1 room, living room, dining room, bathroom, WC, 35 m²
Garden: approximately 60 m²
Orientation: South
Number of rooms: 8
Number of bathrooms: 3
Guest WC: yes
Parking spaces: 4
Heating type: Gas heating
Year of heating system installation: 1995
Energy source: Gas
Energy performance: H/373 kWh/(m²-a)

This building, constructed in 1955, impresses with its solid construction, featuring reinforced concrete floors, and extends over a total living area of approximately 243 m². All areas are approved, and there are no known environmental issues, providing security for you as the buyer. Currently, the multi-family house is fully rented, ensuring a stable income situation. The current annual net cold rent income amounts to €25,578. Furthermore, there is potential for additional income through the rental of the five existing parking spaces, which could increase the total annual net cold rent to €36,000. An unrented commercial space offers additional opportunities for generating income. The ground floor comprises approximately 100 square meters and consists of 2 bedrooms, a living room with access to a terrace, a sunroom, and a south-facing garden, a kitchen, a bathroom with a bathtub, and a separate toilet. The upper floor features a living unit of approximately 70 square meters, with 2 bedrooms, a living room, and a bathroom with a bathtub and a separate toilet. The attic, with 35 square meters, is the smallest unit and is divided into a living/sleeping area, a kitchen, and a bathroom with a bathtub and a separate toilet. The basement includes a laundry room and storage rooms.

In addition, there is at least one dedicated parking space for each tenant in front of the building. This is a 3-family house with a rented commercial space.

Frechen, with its population of 53,000, is a city where people can live, work, and thrive. Located just ten kilometers west of Cologne, it offers excellent transport links in all directions. Whether it's art and culture, sports and leisure, social services, or a pleasant shopping experience, Frechen has a lot to offer. The environment in Frechen is excellent, and the quality of life is guaranteed. Without a doubt, visitors to this city will quickly realize: Frechen is a Rhenish city. For many residents, preserving traditions is an integral part of their leisure activities. In Frechen, Carnival is celebrated just as much as the traditional shooting festivals – and this has been the case for centuries. Social services are highly valued in Frechen. A modern hospital and over 70 doctors located throughout the city ensure comprehensive medical care. In addition to their educational role, approximately 20 kindergartens and a special education facility play an important part. The city's excellent services for seniors also serve as a model. Frechen is one of the most dynamic economic centers in the Cologne region. This is evidenced not only by the existing manufacturing and research facilities for brown coal, ceramics, and quartz industries, but also by other factors. Studies consistently show that Frechen offers an exceptionally high and diverse range of job opportunities, as well as a high concentration of retail businesses. Well-known, internationally operating companies have their headquarters or significant branches located in Frechen. Working in Frechen also means jobs in traditional craft businesses, wholesale and retail, administrative roles, or manufacturing. The pedestrian zone in the city center offers a pleasant atmosphere for shopping and leisure. It's a great place to shop. It's centrally located near Cologne, with easy access to the highway and train connections.