Commission-free multi-family house in Cologne-Mülheim | 4 apartments | Partially modernized | Potential for further development | Can be immediately vacated.

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. The property, built in 1955 using solid construction methods, underwent extensive modernization in 2020/2021 in key areas. It 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-renting, repositioning, or individual development without existing leases. Expansion and development potential:
The additional development potential offered by the possibility of adding a complete extra floor with approximately 55 m² of living space (subject to planning permission) is particularly attractive. This opens up additional opportunities for value enhancement and rental income for investors and project developers. Further optimization possibilities exist in the areas of:
- Heating system
- Partially, windows. Possible Usage Concepts:
- Traditional rental
- Furnished living / Serviced apartments
- Value-add strategy
- Division into apartments for individual ownership (subject to official approval)
- Combination of owner occupancy and rental
- Expansion with an additional living unit as part of a possible extension
Highlights at a Glance:
✔ 4 living units
✔ Immediately available
✔ Roof, including 3 skylights, renovated
✔ Electrical system and bathrooms modernized
✔ Solid building structure
✔ Potential for expansion: an additional floor of 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 Cologne-Mülheim, a dynamically growing district with high demand and excellent infrastructure.
Its proximity to the Cologne fairgrounds 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.
Shops, schools, public transportation, and everyday amenities are easily accessible.
The location is appealing due to its good rental potential, urban environment, and long-term appreciation and development potential within the Cologne real estate market.