Invest in quality: Modernized apartment building with 3 units in Cologne. NO COMMISSION.

Three units. Many possibilities. An address that offers more than just returns. Some properties are purchased because the numbers add up. Others, because they represent substance, perspective, and impact in a rare combination. ✨ And that's precisely where the special quality of this property begins. Located at Penningsfelder Weg 89, 51069 Cologne, this comprehensively renovated multi-family house, comprising three units, presents an exceptional opportunity for investors, strategically minded buyers, and individuals who recognize potential in real estate beyond just square footage. Situated on a generous plot of approximately 673 m², the total living space is approximately 306.50 m², distributed across three separate units, as well as additional hobby and utility spaces, cellar rooms, a garage, an outdoor parking space, and a garden. This is a property designed for versatility, structured for efficiency, and oriented towards the future. Built in 1962, the house underwent a comprehensive renovation in 2026, now combining the solidity of an established property with the comfort and appeal of a modern update. ✨ Particularly interesting:
Two units are already move-in ready, while the penthouse maisonette is still under construction, offering additional potential for appreciation, individual customization, or strategic positioning. ✨ Overview of the layout:
✤ Unit 01 – Ground floor – move-in ready
3 rooms | approx. 97.48 m² | 280/1,000 share of ownership
with living room, kitchen/dining area, bedroom, children's room, bathroom, hallway, terrace, and storage room.
✤ Unit 02 – Upper floor – move-in ready
3 rooms | approx. 97.32 m² | 280/1,000 share of ownership
with living room, kitchen/dining area, bedroom, children's room, bathroom, hallway, balcony, and storage room.
✤ Unit 03 – Attic / Maisonette – under construction
4 rooms | approx. 111.70 m² | 300/1,000 share of ownership
with living room, kitchen/dining area, bedroom, children's room, computer room/study, 2 bathrooms, separate toilet, hallway, balcony, and storage room.
✨ The offer is complemented by:
✤ Hobby room No. 4 – 50/1,000
✤ Hobby room No. 5 – 50/1,000
✤ Garage No. 6 – 40/1,000
✤ NO COMMISSION
✨ The notarial division according to § 8 WEG (Condominium Act) was already certified on November 24, 2025. This opens up an attractive perspective not only for existing owners, but also provides an interesting foundation for buyers who want to invest in a structured, flexible, and forward-thinking manner. ✨ Another particularly valuable aspect:
The purchase price already includes the installation of a heat pump, which can be implemented within a short timeframe. A corresponding clause can be included in the purchase agreement. Especially in the current market environment, this is much more than just a technical detail; it's a real argument for the future. Currently, there is an oil heating system from 2003. The planned conversion to a heat pump creates a compelling bridge between the existing functionality and a modern, sustainable energy solution. This property is not just a multi-family building; it's an asset with structure, perspective, and room for development. ✨ It's a property that is convincing both as an investment and as a strategically sound acquisition with long-term added value. Those who are simply looking for any investment property will find many options. However, those who want to acquire a property with substance, a clear layout, a modern perspective, and a noticeable market appeal should take a closer look here. Are you interested? Then we look forward to hearing from you.

Location - where Cologne feels more pleasant.

Located at Penningsfelder Weg 89, 51069 Cologne, this property is situated in the desirable district of Dellbrück, within the Mülheim district, specifically in the areas of Strunden and Mielenforster Heide. The location offers a remarkably pleasant combination of tranquility, greenery, and convenient access to the city.

It is precisely this combination that makes the location so attractive: a well-established, natural environment that noticeably enhances the quality of life, without compromising on accessibility. Public transportation links are readily available; in addition, Dellbrück has an S-Bahn (suburban railway) connection to line S11.

Dellbrück is one of the Cologne residential areas that doesn't need to be loud to be appealing. The green surroundings, the established infrastructure, and the pleasant living environment create ideal conditions for sustainable rental income and stable property value. This address appeals not only to investors but also to buyers who appreciate location quality.

A location that achieves a rare balance – close to the city, well-connected, and yet delightfully quiet and green.