House for sale in Koln, Germany

As a buyer, this property description presents an interesting opportunity for both a real estate investment and a lifestyle purchase. The property is an annexed, three-story building with three two-bedroom apartments, totaling 231 m² of living space. Additionally, it has a garage, which could be attractive for potential tenants or buyers. However, the property requires extensive renovations and repairs, making it a riskier investment option without further information on the potential rental income or long-term prospects of the neighborhood. For a real estate investment, the currently listed price of 420,000€ ($443,000) may seem like a good deal due to the square footage and the potential for additional revenue from rental units. However, because the property is listed as not being fit for habitation, you would need to consider the costs for necessary renovations, which might outweigh the potential profits. As a lifestyle purchase, the property could serve as an affordable investment for someone looking to renovate and live in the property themselves, or for an aspiring landlord looking to create a rental property portfolio. The size of the property and location in Cologne could be attractive features, but due to the property's current condition, you would likely need to dedicate time, money, and effort into making it a livable space. Overall, due to the property's condition and the included seller disclaimer, it would be essential to gather more information on the potential costs, rental prospects, and neighborhood growth before making a final investment decision.