High-yield investment property - Zülpicher Straße, Cologne - recently renovated.

For sale is an apartment with approximately 51 square meters of living space, located in a prime central location on Zülpicher Straße in Cologne. The apartment is situated on the 4th floor of a multi-family building and is ideally suited as a shared accommodation for four people.

When rented as a shared apartment, a monthly base rent of approximately €2,000 can be achieved. Based on the planned purchase price of €400,000 (including furniture; otherwise €385,000), this results in a calculated gross rental yield of approximately 5.78% per year.

The property features double-glazed windows, is heated by a central gas heating system, and has an elevator in the building. The apartment includes a parking space in an underground garage, which can be rented out for approximately €150 per month.

The property on Zülpicher Straße is located in a highly desirable city center location. Shops for everyday needs, cafes, restaurants, pharmacies, and numerous other amenities are all within easy walking distance.

Thanks to its excellent public transportation connections, the city center of Cologne, the main train station, and other districts are quickly accessible. The University of Cologne is also located nearby.