Investment property in Cologne-Mülheim | 3 rooms | 1st floor | renovated | €744 cold rent | no commission.

**Investment Property in Cologne-Mülheim: Completely Renovated, Long-Term Rental Agreement, and No Commission**
When you buy a rented apartment, you're not just buying square footage. Key factors include the location, floor, technical condition, current rental income, and, most importantly, the potential for further significant investments that the buyer might face in the coming years. This well-designed 3-room apartment, with approximately 62 square meters, offers a particularly interesting combination in this regard. **1ST FLOOR – A REAL ADVANTAGE IN EVERYDAY LIFE**
The apartment is located on the 1st floor of a building without an elevator. This makes it easily accessible, even if you need to go in and out frequently, and it also offers a pleasant elevated position. In buildings without elevators, this floor is significantly more attractive to many residents and tenants compared to higher floors. **COMPLETELY RENOVATED – MORE THAN JUST A MAKEOVER**
This apartment has undergone more than just a cosmetic renovation. As part of a comprehensive refurbishment, numerous technical improvements and costly measures have been implemented. These improvements include a complete overhaul of the electrical system, modernization of the heating pipes and radiators, and a complete renovation of the bathroom. The layout has also been practically improved by relocating the gas boiler from the kitchen to the hallway. You can find detailed information about the specific work carried out under the "Features" section. For the buyer, this means: Many of the improvements that might be needed in an apartment that has only been superficially renovated have already been completed here.

**PROVEN RENTAL INCOME, NOT THEORETICAL PROJECTIONS**
The apartment has been continuously rented for many years and has been reliably occupied by a family since 2020. The current base rent is:
€744 per month
€12.00 per m²
€8,928 per year
Notably, the rent has not been increased since 2020. This means that, in addition to the current income, there is potential for further increases within the legal framework. This is not a theoretical "target" rent, but an existing rental agreement with actual income. **MORE THAN JUST THE APARTMENT** A balcony designed for use as part of a community garden, an exceptionally large basement of approximately 20 square meters, and shared laundry facilities complement the living space. The management and condition of the communal property are also important factors for an investment property. The property has a well-funded maintenance reserve and is well-managed. Based on current information, there are no outstanding maintenance issues. **ALSO INTERESTING FOR FUTURE PERSONAL USE**
The well-proportioned three-room apartment, located on the first floor and in a central yet quiet location, also makes the property attractive to buyers who may wish to live there themselves in the future. The existing rental agreement, of course, must be taken into consideration. **PRIVATE SALE, NO COMMISSION**
The sale is being handled directly by the owner. The buyer will not be charged any real estate agent fees.

The apartment is located in Cologne-Mülheim, on a quiet side street off Frankfurter Straße, offering convenient access to amenities while providing a pleasant living environment.

Shopping facilities, doctors, schools, kindergartens, bakeries, restaurants, and other essential services are located nearby.

Public transportation links are excellent. Buses, trams, and the Deutsche Bahn (German railway) are within a 2-3 minute walk.

Access to Cologne's highway network and the airport is also convenient.

**ENJOY A CENTRAL LOCATION WHILE RELAXING IN PEACE**

Despite the excellent infrastructure, the immediate surroundings offer a peaceful atmosphere.

The balcony faces the communal garden and the quieter side of the building.

Cologne-Mülheim combines urban infrastructure with a living environment that is attractive to both owner-occupiers and renters.

This combination of good accessibility, short distances, and a quiet residential location is also an important factor for the long-term rental potential of the apartment.