House for sale in Bochum, Germany

Description: A semi-detached building with a mix of residential and commercial spaces (nine apartments and one commercial unit) located in Bochum, 44787. The building has five floors, a basement, a total living area of 356 square meters, and a usable area of 72 square meters. The apartments range in size from 25 to 60 square meters and include balconies and a rooftop terrace. Built in 1959, the building is heated by district heating and is in a generally satisfactory but slightly neglected condition. Some of the equipment is outdated and there are construction defects and repairs that need to be addressed. Price thoughts: With a listed price of 415,500€, this property offers a unique opportunity for potential buyers. Considering the size of the building and the number of units included, there is significant potential for rental income or redevelopment. It is important to note that the property is being auctioned off by the local court, with a market value of 415,500€. However, there is a possibility of securing a 30% discount on the market value, bringing the price down to 290,850€. Additionally, there are no notary fees or agency commissions involved in the purchase, making it a potentially attractive investment opportunity. For those looking to acquire a property with potential for growth and development, this listing is worth considering.