House for sale in Erfurt, Germany

Property Description: This property is a three-story multi-family house with 8 apartments, fully basemented and with a converted attic. The apartments range in size from 44 to 77 m², totaling 523 m² of living space. The building also includes a former carpentry workshop, a shed, and a garage building. It was built in 1937 and expanded in 1948, with a renovation in 1990. Heating is provided by a gas heating system; hot water is generated by an electric boiler. Renovation work is necessary. The outbuilding has potential for a living space of 198 m². A complete interior inspection was not possible. Price Thoughts: The property is currently being auctioned at the local district court with a market value of 806,000.00 EUR. With the potential of securing a discount of up to 30% on the market value, the final price could be as low as 564,200.00 EUR. Additionally, there are no notary fees or agency commissions to be paid. This property presents a unique opportunity for those looking to acquire a sizeable real estate investment at a potentially reduced cost.