House for sale in Koln, Germany

Property Description: This building combines residential and commercial areas in a villa style. It spans over three floors with a basement and converted attic. The living area is 149 square meters, the total area is 188 square meters. It features a duplex apartment, multiple office units, two balconies, a terrace, and a garage. Originally built around 1895, the building is listed as a historical monument. Extensive renovation and modernization took place around 2009. All units are currently rented out and heated by a Buderus gas central heating system, which also provides hot water. The elevator is currently out of service. Thoughts on Price: The price for this property at 2.095.000€ is reflective of its historical significance, unique features, and prime location in Köln. The opportunity to potentially secure a 30% discount on the market value, bringing the price down to 1.466.500€, makes it an attractive investment opportunity. Additionally, the absence of notary fees and agent commission further adds to the value proposition of this property. Overall, this property offers a blend of history, modern amenities, and rental potential, making it a worthwhile investment for discerning buyers.