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Rare opportunity – 5.2% return in the heart of Cologne: a high-quality renovated investment property with guaranteed rental income.

50676 Köln (Innenstadt) – Nordrhein-Westfalen
440.000 €
3
Room
77.01 m²
Living Area
Apartment

This completely renovated apartment on a high floor, located in the heart of Cologne, combines urban living with modern comfort – and will be delivered as a turnkey investment property with an attractive return. Covering approximately 77 square meters, you'll find a well-designed layout, stylish finishes, and a spacious balcony. Here's an overview of your investment:

The apartment will be fully furnished – including a high-quality built-in kitchen – and will be transferred to the new owner as a property suitable for a three-person shared living arrangement (WG) in a prime location, with long-term lease agreements in place. This means you'll receive a property that is already rented out, generating stable rental income from day one. As the developer, we also provide the legal warranty of 5 years on the renovation work carried out, for added security of your investment. The monthly gross rental income is €1,900, divided as follows:
* €600 per WG room (3 rooms)
* €100 for the parking space

Our Comprehensive Service Package:
We take care of selecting solvent tenants, conducting all viewings, and delivering a fully rented investment property to you. You benefit from the income without having to worry about renting or organization. High-Quality Refurbishment
As part of the comprehensive renovation, the apartment has been brought up to a modern, contemporary standard, both technically and aesthetically:
- Complete renewal of the electrical system, including a new distribution board.
- Modern recessed spotlights in the bathroom and hallway.
- Completely redesigned and tiled bathroom with high-quality branded fixtures.
- New kitchen connections, including a built-in kitchen unit.
- High-quality oak parquet flooring in a classic plank format.
- New Kermi radiators.
- Washing machine connection in the apartment.
- Electrically operated blinds for added comfort.
Comfort for Every Student Room - A Special Highlight:
Each of the three student rooms offers the comfort of a private balcony – an attractive added value that noticeably enhances the quality of life for all tenants and further increases the apartment's appeal. Private Parking Space Included:
A significant advantage is the parking space that belongs to the apartment. In this central, urban location, a private parking space represents a considerable added value. Location & Availability:
The central location offers short distances and easy pedestrian access to Cologne's city center. This apartment, offered as a turnkey investment property with a comprehensive service package, represents a rare opportunity for investors seeking strong returns. Note regarding the photos:
Since the apartment is currently also being marketed for personal use, the photos do not yet show the partition walls that will be installed to divide the student rooms. You can find the floor plan of the completed student accommodation in the advertisement. To illustrate the planned layout of the student accommodation, we have also included example photos of other student accommodations we have developed in Cologne.

Are you interested in this apartment?

Object Number
OM-473477
Object Class
Apartment
Object Type
Apartment
Is occupied
Vacant
Handover from
Immediately

Purchase price & additional costs

purchase price
440.000 €
Purchase additional costs
approx. 34,697 €
Total costs
approx. 474,696 €
HOA fee
395 €

Breakdown of Costs

Purchase price 440.000 €
Real estate transfer tax 28,600 € (6.50%)
Notary costs 4,034 € (0.92%)
Land register entry 2,063 € (0.47%)
Broker commission 0€ (0%)

* Costs for notary and land register were calculated based on the fee schedule for notaries. Assumed was the notarization of the purchase at the stated purchase price and a land charge in the amount of 80% of the purchase price. Further costs may be incurred due to activities such as land charge cancellation, notary escrow account, etc. Details of notary and land registry costs

Does this property fit my budget?

Estimated monthly rate: 1,660€

More accuracy in a few seconds:

By providing some basic information, the estimated monthly rate is calculated individually for you. For this and for all other real estate offers on ohne-makler.net

Based on equity 20% of the purchase price plus the purchase incidental costs / 10 years fixed interest rate / 2% initial repayment / Effective interest rate 3.66%

Details

Condition
First occupancy after renovation
Number of floors
5
Level
1st floor
Bathrooms (number)
1
Bedrooms (number)
2
Number of parking lots
1
Flooring
Parquet, Tiles
Heating
Central heating
Year of construction
1970
Equipment
Balcony, Basement, Elevator, Fitted kitchen
Infrastructure
Pharmacy, Grocery discount, General practitioner, Kindergarten, Primary school, Secondary school, Middle school, High school, Comprehensive school, Public transport

Information on equipment

The apartment boasts high-quality, timeless finishes, carefully selected during a complete renovation with meticulous attention to detail. Modern technology, elegant materials, and a harmonious design create a stylish living environment – a standard ideally suited for planned shared accommodation, attracting solvent, long-term tenants. Despite its central location in the city center, the building is situated on a quiet side street. The apartment itself is also pleasantly quiet, offering a high level of comfort that significantly enhances the shared living experience and ensures long-term rental potential. The well-designed layout can be optimally divided into three equally sized rooms, enabling efficient and profitable use of the living space. The spacious balcony extends the living area with an attractive outdoor space, further increasing its appeal to tenants. The apartment's immediate availability and the parking space included with the property complete this offering – a ready-to-rent investment property that combines yield, stability, and living quality in one of Cologne's most desirable locations.

Location

Location and Location Advantages for Your Investment Property:

This apartment is located in an extremely central area, in the heart of Cologne – a prime location that offers several key advantages for investors: sustainable value stability, high tenant demand, and long-term potential for appreciation. Inner-city residential locations of this quality are scarce and highly sought after, which minimizes rental risk and increases the security of returns. Cologne's city center, with its numerous shopping streets, cafes, restaurants, and cultural attractions, is easily accessible on foot; the Cologne Cathedral and the main train station are also just a few minutes' walk away. This central location makes the property particularly attractive to financially secure tenants – from professionals to students and commuters. The immediate surroundings combine the unique character of Cologne's city center with an excellent infrastructure. Supermarkets, bakeries, pharmacies, doctors, and other essential amenities are located nearby. The Rhine River and the surrounding areas offer additional attractive opportunities for walks, sports, and relaxation – location qualities that further enhance the potential for long-term rentals. The connection to public transportation is excellent: several subway and tram lines are within a few minutes' reach, providing quick connections to all parts of the city. Thanks to its proximity to Cologne Central Station, commuters and travelers benefit from optimal regional and inter-regional connections – a factor that further increases the attractiveness of the apartment in the rental market. Its convenient location, diverse surroundings, and high quality of life make this area one of the most sought-after residential locations in the heart of Cologne, and therefore a solid foundation for a long-term, profitable investment.

Location Check

Shopping
Culture
Eating Out
Sports
Nightlife
Health
Child Friendliness
Public Transport
Nature

Energy

Final energy consumption
153.91 kWh/(m²a)
Energy efficiency class
E
Energy certificate type
Consumption certificate
Main energy source
District heating

PDF

Miscellaneous

This property is offered commission-free. There are no real estate agent fees for the buyer.

Due to an unusually high level of consumption by the previous resident, the monthly service charges are currently temporarily increased. The regular monthly service charges currently consist of €428.63 plus €150.10 for contributions to the maintenance reserve.

As the sellers, we will contribute an additional €183.73 per month for a period of two years. This reduces the actual monthly cost for the buyer during this period to €395.00.

We expressly do not welcome inquiries from real estate agents.

Broker inquiries not welcome! According to § 7 UWG, unsolicited contact by brokers without the express consent of the recipient is prohibited!

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