House for sale in Altena, Germany

Property Description: Eight apartments in a two-story multi-family house with a basement and converted attic, totaling 459 square meters of living space. In February 2018, the building was declared uninhabitable by the city administration (lower building supervision authority) due to water damage and severe moisture penetration. The use of the apartments was prohibited, as interior inspection was not possible due to the humidity. This property is being auctioned by the competent district court. The market value is 140,000.00 EUR. You may secure a 30% discount on the market value and pay only 98,000.00 EUR for the above-mentioned property. Notary fees and agency commission are also waived. This is one of many interesting properties that we publish in the current monthly issue of our cost-effective REAL ESTATE AUCTION CATALOG. Obtain these details now to acquire your desired property at a discounted price. Price Thoughts: The property is priced at 140,000.00 EUR, but with the potential for a 30% discount, the final price would be 98,000.00 EUR. Considering the condition of the building and the potential costs associated with repairing the water damage and moisture issues, this discounted price presents a unique opportunity for investors or individuals looking for a project to renovate and restore the property to its full potential. The location in 58762 Altena also adds value to the property's investment potential.