House for sale in Bamberg, Germany

Property description: This property is a multiple-family row house with five apartments on two floors and a basement, as well as a converted attic. The living spaces range from 31 to 124 square meters, totaling 341.79 square meters. Additionally, there is a courtyard annex on two floors with a flat roof, including a rooftop terrace. Next to it is a two-story, two-family house with 101.39 square meters of living space. The exact construction year of the main building is unknown, likely from the 18th or 19th century, while the rear house was built in 1961/62. The price also includes a solid fuel stove worth 1,000 EUR. Heating and hot water supply in the main house is provided by a gas heating system, which can be operated through wall or underfloor heating, as well as wall-mounted radiators. There are also connections for a solid fuel single stove. The rear house is heated by a gas floor heating system. Some modernization measures have been carried out on the two-family house in recent years, but there are still some remaining works. The property is located in a monument ensemble and archaeological site area. Thoughts on price: The asking price of 1.317.000€ seems reasonable considering the size of the property, the multiple living units it contains, and the potential for rental income. With the possibility of a 30% discount on the market value, bringing the price down to 921.900€, this property could be a great investment opportunity for someone looking to purchase real estate at a lower cost. The included solid fuel stove and the ongoing modernization works add value to the property and make it even more appealing. Overall, this property offers a lot of potential and could be a great long-term investment for the right buyer.