Modernized investment property near the Deutzer Hafen, with significant long-term development potential.

For sale is an exceptionally stable and already comprehensively renovated investment property in Cologne-Poll: two adjacent multi-family buildings with 9 apartments, 2 garages, and 9 parking spaces – fully let, with not a single day of vacancy (except during renovation work) or any rent arrears in over 12 years. The current annual net cold rent is €98,220, with a realistic potential for increase of 15-25% in the coming years.

Features & Condition:
7 out of the 9 apartments have been completely renovated:
new electrical and water pipes, new flooring, new interior and exterior doors, freshly plastered and sanded walls, and completely new bathrooms. The stairwells of both buildings have been completely renovated, and the exterior doors have been replaced with new ones. The gas central heating system, which was completely installed in 2023, reliably and cost-effectively provides heating for both buildings. Only the windows have not yet been replaced – this represents the only remaining potential for optimization, which would also improve the energy efficiency rating. Hot water is supplied locally.

The 9 apartments:
3 ground-floor apartments, each with approximately... 80 sqm of private garden and terrace
4 apartments on the top floor with large balconies
2 apartments in the attic
Apartment sizes range from 62-87 sqm
All units are permanently rented.
Floor plans of the individual apartments:
Building No. 5: 6 residential units
- Ground floor, left, 4 rooms: approximately 87 sqm
- Ground floor, right, 3 rooms: approximately 76 sqm
- 1st floor, left, 4 rooms: approximately 87 sqm
- 1st floor, right, 3 rooms: approximately 76 sqm
- Attic, left, 3 rooms: approximately 63 sqm
- Attic, right, 3 rooms: approximately 63 sqm
- Storage room: approximately 10 sqm
Building No. 7: 3 residential units
- Ground floor, 3 rooms: approximately 75 sqm
- 1st floor, 3 rooms: approximately 78 sqm
- Attic, 3 rooms: approximately 62 sqm
In the basement, located under the buildings, there are 2 large storage rooms, 1 laundry room for 3-4 machines, 1 heating room, 1 large storage room, and 10 additional rooms. The roof is in good condition. The access paths to both buildings have been newly paved. On both sides of the paths, in the front garden, there are lawn areas and flower beds. What makes this property stand out:
- Annual net cold rent: €98,232
- Immediate proximity to the Deutzer Hafen, a development project in Cologne.
- 12 years of zero vacancy, zero rent arrears, and low tenant turnover.
- New heating system installed in 2023 – no investment required in the foreseeable future.
- 2 garages plus 9 parking spaces, which is very important given the scarcity of parking.
- 3 apartments with their own small gardens – highly sought after and difficult to find.

Cologne Poll offers peaceful, green living with excellent access to the city. The Pollerwiesen park and the Rhine are easily accessible on foot. A large children's playground is located nearby.
Shops for everyday needs (Aldi, Lidl, bakeries, etc.) are readily available in the neighborhood.
The center of Cologne can be reached in a few minutes by car, tram line 7, or bus 159.
There is a wide range of educational institutions, including several kindergartens, daycare centers, primary schools, and secondary schools.
A key factor in property value appreciation: The property is located near the Deutzer Hafen – Cologne's largest urban development project. A new, mixed-use urban district is being created on 38 hectares directly on the Rhine. The development agreement has been finalized, and the project is underway. Experts anticipate a further significant improvement in the value of the surrounding neighborhoods.