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44793 Bochum
Property Description: This property is a multi-family house located in Bochum, consisting of three apartments with three rooms each and two apartments with two rooms each. It is three stories high, has a basement, and a total living space of 323 sqm with balconies. Additionally, the property includes three garages. Built in 1960, the attic conversion began in 2000 (but is still unfinished), with renovations taking place between 2014 and 2016, and again in 2020. The heating is provided by a district heating transfer station with a hot water storage tank. The building is in a satisfactory structural condition overall, although a inspection of the garages was not possible from the inside. The building permit for the attic conversion has expired. Price Analysis: The property is currently listed at a price of €373,000. However, there is potential to secure a 30% discount on the market value, bringing the price down to €261,100. Additionally, there are no notary fees or agency commissions involved in this transaction. This property presents a valuable investment opportunity, especially considering the discount available. With the right vision and renovation plans, this property could be a lucrative asset in the real estate market. Please note that this property is being auctioned by the local court. For more information or to inquire about this property, please contact the provided phone number.
44793 Bochum