Elegant two-bedroom apartment in a historic building in Cologne, Germany, 80 m2

An elegant two-bedroom apartment in a historic house under state protection in Cologne is for sale. The 80 sq.m facility is located in a building built in 1895, is in excellent condition and does not require repair. The house has been completely renovated facades, drains, Windows, interior decoration. The heating is carried out by modern recuperative gas columns. The apartment has a separate basement and parking space. The property is managed by a professional company. The annual rental income is 11,940 euros at a cost of 475,000 euros, which provides a profitability of 2.51%. Cologne is the fourth most populous city in Germany, located in North Rhine-Westphalia, and is a major economic and cultural center of the country. The investment attractiveness of the region is due to the developed infrastructure, the presence of a major university and an international airport, as well as a steady increase in real estate prices.

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