Investment property for rent in the city center of Cologne | 5.7% yield | 2-room apartment, 59 m², completely renovated.

For sale is a 2-room apartment with approximately 59 m² of living space, already rented out, in a central location in Cologne. The apartment is located in a comprehensively renovated multi-family building and, due to its location, condition, and ongoing rental income, is very well suited as an investment property. The apartment is regularly rented and currently generates a monthly cold rent of approximately €1,420. This is not a shared accommodation rental, but a standard tenancy agreement. This means that investors will immediately receive rental income upon transfer of ownership, without having to organize a new rental agreement. The asking price is €298,700. With an annual cold rent of approximately €17,040, the gross yield is approximately 5.7%, and the investment factor is approximately 17.5. The apartment features 2 rooms, a well-designed layout, a balcony, a cellar storage space, and a new bathroom with a walk-in rain shower. The building has been extensively modernized in several key areas. This includes the renewal of the roof, heating system, windows, and other technical and building-related components. The energy efficiency rating is C, and the primary energy source is gas. The property is being sold directly by the developer and is commission-free for the buyer.

The apartment is located in a central area of Cologne, within walking distance of the city center.

The surrounding area offers excellent infrastructure, with shops, restaurants, cafes, medical services, and public transportation all within walking distance. The city center and the main train station are also easily accessible.

This location is particularly attractive to tenants, as it allows for short commutes in everyday life while also providing an urban living environment. The apartment, with approximately 59 square meters and 2 rooms, appeals to a wide range of potential tenants, including singles, couples, working professionals, and commuters.

The combination of a city center location, excellent transportation links, an existing rental agreement, and a renovated condition makes this apartment particularly interesting for investors looking for a well-let property in Cologne.