Multi-family house in Cologne-Mülheim, free of tenants | 4 units | Partially modernized | Potential for expansion | Can be vacated immediately.

For sale is a largely modernized multi-family house with 4 units, located in a desirable area of Cologne-Mülheim, just 150 meters from the Deutz-Mülheimer Straße. Built in 1955 with solid construction, the property underwent significant modernization in 2020/2021 and offers an attractive foundation for investors, capital investors, or project developers focused on value-add and development strategies. The property is currently used as furnished accommodation and can be vacated on short notice. This creates an ideal starting point for re-letting, repositioning, or individual development without existing leases.

Expansion and development potential:
The additional development potential, through the possibility of adding a complete extra floor with approximately 55 square meters of living space (subject to planning permission), is particularly attractive. This opens up additional value appreciation and rental potential for investors and project developers. Further optimization opportunities exist in the areas of:
- Heating system
- Windows (partially) Possible usage concepts:
- Traditional rental
- Furnished living / Serviced apartments
- Value-add strategy
- Division into individual apartments (subject to official approval)
- Combination of owner occupancy and rental
- Expansion with an additional residential unit as part of a possible extension
Highlights at a glance:
✔ 4 residential units
✔ immediately available
✔ Roof, including 3 skylights, renovated
✔ Electrical systems and bathrooms modernized
✔ Solid building structure
✔ Potential for extension: additional floor with approximately 55 m² possible
✔ Attractive investment and development potential
✔ Good rental potential
✔ Sale directly from the owner, commission-free
Further documents and viewing appointments are available upon personal contact.

The property is located in Köln-Mülheim, a dynamically growing district with high demand and excellent infrastructure.
Its proximity to the Koelnmesse (Cologne Exhibition Center) and the Lanxess Arena makes it particularly attractive, and the location is also ideal for furnished apartments, business accommodations, or a high-yield rental property.
Shopping facilities, schools, public transportation, and everyday amenities are easily accessible.
The location is appealing due to its good rental potential, urban environment, and long-term potential for appreciation and development within the Cologne real estate market.