$1,297,913

VON POLL COMMERCIAL presents this beautiful, four-storey residential building in the heart of Cologne-Mülheim. It is not without reason that this property is a listed building - a beautiful old building characterized by stucco structures typical of the period. The white façade features elaborate, loving stucco work. The window and door frames are also richly ornamented. These reinforce the effect of the building's undisputed impact on the square.The listed status can be "restored" with very little effort. All that is required is a change to the basement staircase.The property was built around 1889, has nine residential units and a living space of approx. 457 m². The attic was converted around 1987. The plot size is approx. 436 m².From the first floor to the third floor, there are always two two-bedroom apartments on each floor, each measuring between approx. 35 m² and approx. 50 m².Large windows and high ceilings provide plenty of natural light and a spacious feel, with some of these ceilings also featuring beautiful stucco decorations on the inside.The maisonette apartment on the top floor has a special character and covers approx. 120 m². The three-room apartment has its own sauna, a gallery overlooking the living area and a free-standing bathtub. Large windows and the open floor plan also ensure light-flooded rooms and an airy feeling of space, which is only enhanced by the gallery. The unit is also complemented by a loggia, the perfect place to soak up a few rays of sunshine and relax at the end of the evening.The communal garden is surprisingly large and an absolute highlight. A hidden, green oasis in the middle of the urban hustle and bustle, wildly romantic yet idyllic, with enough space to grow vegetables in the back.Tenants have their own cellar rooms and a laundry room in the basement. Bicycle storage is available in the small courtyard and parking is available on the street.Eight of the nine apartments are currently rented, the vacant unit is in need of renovation, which gives you the opportunity to rent the apartment at current market prices after renovation.The annual rental income of the property currently amounts to approx. 54,400.00 EUR.

Amenities

• Bedrooms: 0
• Full Bathrooms: 0
• Partial Bathrooms: 0
• Property Type: Multi Family
• Home size: 4,919 ft² / 456.99 m²
• MLS: 2341015A6
• Web ID: XCR543
• Status: Available