Collateral-free financing option 17 in Cologne.

€30,720 annual rent – Established 5-person shared apartment in Cologne with a purchase price factor of 17.5 | No commission fees.
€419,000 purchase price | Approximately 116 m² | 5 rooms | 2 bathrooms | 2 balconies
Fully rented. Five signed lease agreements. A proven shared apartment concept with over 20 years of history. An investment property that is already generating income. This is the unique aspect of this apartment in Cologne-Westhoven. For over 20 years, the apartment has been successfully used as a 5-person shared apartment. Currently, all five rooms are rented, and the total monthly rent is €2,560, which equates to €30,720 per year. Since the rooms are rented including utilities, a calculated utility allowance of approximately €560 per month is factored into the financial analysis. This leaves a calculated net rental income of €2,000 per month, or €24,000 per year. Over 20 years of rental experience – and strong demand. When a room became vacant, it could be re-rented very quickly due to numerous inquiries. The apartment has been continuously maintained and partially modernized. This concept is not exclusively aimed at students. The shared living space appeals to a variety of people who are looking for a good connection to the center of Cologne, affordable individual living space, and a pleasant living environment. Spacious apartment with five rooms, two bathrooms, and two balconies.

The apartment is located on the third floor of the Westhoven residential complex. The approximately 116 m² space is divided into five individually rented rooms, two bathrooms, a shared kitchen with balcony access, as well as hallways and storage areas. For a buyer, this presents an opportunity to acquire a fully rented apartment with a well-established rental concept. Key figures at a glance:

Purchase price: €419,000
Living space: approximately 116 m²
Rooms: 5
Bathrooms: 2
Balconies: 2
Cellar
Floor: 3rd floor
Year of construction: 1975
Rental: 5 individual rental agreements, fully rented
Monthly total rent: €2,560
Annual total rent: €30,720
Calculated net rental income per year: €24,000
Purchase price factor: approximately 17
Buyer commission: €0

If you are looking for an investment property where you don't have to develop a rental concept from scratch, we look forward to hearing from you.

COLOGNE-WESTHOVEN
The Perfect Location for Your Tenants
The apartment is located in the Westhoven residential complex. This complex combines spacious green areas with convenient access to everyday amenities and direct connections to the city center of Cologne. A bakery and a discount supermarket are practically around the corner. A general practitioner, pharmacy, daycare center, and tram stop are also within a few minutes' walk. And just a few minutes away begins one of the greatest advantages of this location: the Rhine River with its cycling and walking paths, as well as the Westhovener Aue (a green area).

WALKING DISTANCE:
Bakery: approximately 200 meters, 2 minutes
Penny (supermarket): approximately 250 meters, 3 minutes
General practitioner: approximately 400 meters, 5 minutes
Rhine River: approximately 400 meters, 5 minutes
Tram line 7: approximately 400 meters, 5 minutes
Westhovener Aue: approximately 500 meters, 6 minutes
Elementary school: approximately 850 meters, 10 minutes
Daycare center (Nikolausstraße): approximately 100 meters, 1 minute
Direct access to the city via tram line 7.

The tram stops "Westhoven Berliner Straße" and "Westhoven Kölner Straße" are just a few minutes' walk away. Tram line 7 provides direct connections to Porz, Deutz, and the city center of Cologne.
Porz Markt: 6 minutes
Deutzer Freiheit: 16 minutes
Heumarkt: 17 minutes
Neumarkt: 19 minutes
This allows easy access to central work, shopping, and leisure areas of Cologne without any transfers. AND WITH THE BICYCLE ALONG THE RHINE
The proximity to the Rhine is not just a leisure benefit. Within just a few meters, you reach the riverside path. From there, cycling routes along the Rhine lead into the city center. Rheinauhafen: 6.4 km · 20 min. Cologne-Deutz: 6.8 km · 22 min. Old Town: 7.2 km · 23 min. City Center: 8.2 km · 26 min. At the same time, recreation is practically on your doorstep:
Rhine / Leinpfad (path): 5 minutes walking
Westhovener Aue: 6 minutes walking
Poller Wiesen: 6 minutes by bicycle
ALSO QUICK ACCESS BY CAR
A4 Cologne-Poll: 2.8 km · 5 min. Cologne/Bonn Airport: 9.5 km · 11 min. Cologne City Center / Heumarkt: 9.2 km · 16 min. Porz-Lind: 8.5 km · 12 min. This location offers excellent access in almost every direction: daily necessities are within walking distance, the city center is accessible by line 7 or by bicycle, and there is quick access to the highway and airport. This combination makes Westhoven attractive to a variety of residents – for working professionals as well as couples, families, or people who want to combine short commutes with proximity to the Rhine. RESIDENTIAL PARK WESTHOVEN
Spacious residential complex in a green environment
The Westhoven residential park was built in the mid-1970s.
The size of the complex also offers something that is not always common in Cologne: a large plot of land with spacious green areas and mature trees.