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House for sale in Burscheid, Germany
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House for sale in Burscheid, Germany

3 265 000€

51399 Burscheid

Property description

Description: A property complex consisting of three multi-family houses with a total of 59 apartments (with 1 to 4 rooms). The buildings are each nine stories high, basement and offer a total living space of 3,651 square meters. The property includes balconies, five integrated double and single garages, as well as 16 additional garages in the garage courtyard and 27 open parking spaces in front. The buildings date back to the years 1972/73. The heating and hot water supply is provided by gas central heating. There is a significant need for urgent repairs, as the condition is moderate to poor with high damages. As a result, some apartments are currently uninhabitable or unrentable. 22 apartments are currently vacant. Price thoughts: The property is being auctioned by the competent district court at a price of 3,265,000.00 EUR. However, there is a possibility to secure a 30% discount on the valuation and pay only 2,285,500.00 EUR for the above-mentioned property. Notary fees and agency fees are waived. Despite the repairs needed, this property could present a great investment opportunity for buyers looking to acquire real estate at a discounted price. Contact us for more information on this and other properties listed in our monthly real estate auction catalog at the provided phone number.

Location

51399 Burscheid

Date added: 21.11.2024

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