House for sale in Erding, Germany

Property Description: This multi-family house with commercial units is a unique opportunity for investors looking to expand their real estate portfolio. The property consists of four residential units and two commercial units spread across two floors, with a basement and an attic. The total living and usable space measures approximately 269/286 m². The building is estimated to have been constructed around 1960. The ground floor features two commercial units. The first unit includes an entrance area, reception hall, waiting room, staff room, two connected treatment rooms, and a restroom, totaling 114 m². The second commercial unit has an entrance area, three partially partitioned treatment areas, and a restroom, measuring 55 m². The upper floor is divided into two residential units, each comprising three rooms, a kitchen, a bathroom, and a balcony. The attic houses two additional residential units, one with a separate kitchen area. Currently, one of the commercial units has been vacant for about a year, while one of the residential units requires maintenance due to pet damage, and another needs urgent renovation due to mold issues. However, the two attic apartments are well-maintained and in good condition. The property is heated and supplied with hot water through an oil central heating system. From the exterior, the building may appear somewhat neglected. The property is being auctioned at the local district court with a market value of 1,500,000 EUR. Potential buyers have the opportunity to secure a 30% discount on the market value, reducing the purchase price to 1,050,000 EUR. Additionally, notary fees and agent commissions are waived, offering a cost-effective investment opportunity. For more information or to schedule a viewing, please contact us during our operating hours. Don't miss out on this attractive property listed in our monthly real estate auction catalog. Take advantage of this chance to acquire your dream property at a discounted price. Price Consideration: The asking price for this property may seem high at first glance, but considering the potential for rental income from the multiple residential and commercial units, as well as the opportunity to negotiate a discount at auction, it presents a compelling investment opportunity. With some renovations and maintenance, the property can yield significant returns in the long run. Additionally, the location in Erding offers convenient access to amenities and transportation, further enhancing the property's value. Overall, this property has the potential to generate substantial profits for savvy investors willing to put in the effort to maximize its value.