House for sale in Frankenstein, Germany

Property description: Multiple family house with three residential units, spread over two floors with a partial basement and converted attic. The total living space is 378.64 sqm. Additionally, there is an open shed on the property. The building dates back to 1920 and comes with a forested plot. The layout is as follows: on the ground floor, there is a hallway, a bathroom/WC, three storage rooms, three and a half rooms, and a kitchen totaling 108.69 sqm. On the upper floor, there is a hallway, a guest WC, four rooms, a kitchen, two bathrooms totaling 135.96 sqm. In the converted attic, there is a hallway, a storage room, three rooms, a kitchen, a bathroom/WC, and a balcony totaling 133.99 sqm. The property is heated and has hot water supplied through a gas central heating system. The building is in neglected condition with significant water damage and defective entrance doors. Thoughts on price: The property is being auctioned off at a market value of 118,273.00 EUR. There is a possibility of securing a 30% discount on the market value, bringing the price down to 82,791.10 EUR. Additionally, notary fees and agency commission are waived. This unique property offers great potential for renovation and investment. With the discounted price and the opportunity to restore the property to its former glory, this could be a great investment opportunity for the right buyer.