22-party house consisting of three adjoining houses in Cologne-Mülheim (without commission!)

An apartment building is for sale, consisting of three adjoining houses with a total of 22 residential units. A certificate of completion is already available. The apartment sizes vary between 41 and 84 m2. Four apartments have been merged from two units. However, the entrances to the apartments are still intact, so that they can easily be separated at a later date. In addition, one room is used as an office by the adjacent kindergarten. This can easily be connected to the adjoining residential unit.

Everything at a glance:
▪22 residential units, currently used as 18 apartments, 17 of which are rented out, as well as a room used by a kindergarten
▪1208 m2 of living space and additional approx. 257 m2 possible through attic conversion
▪Attractive apartment sizes from 41 - 84 m2
▪€147 thousand basic rent (incl. vacant apartment)
▪Largely tenant job center ==> Secure source of income
▪Most apartments have no heating or are heated by coal stoves; approx. 5 units with electric heating, 1 with oil heating
▪Offer for installation of gas central heating incl. lines/heating radiators available (€ 150 thousand gross)
▪(Significantly) lower remaining useful life for tax purposes possible
▪Current certificate of completion is already available
▪Largely tenant job center ==> Secure source of income
▪Further short-term rent increase potential available for four residential units

The property is conveniently located in Cologne-Mülheim. The center of Cologne is just a few minutes away by car (16 minutes to the main station). There is also a connection to public transportation.