House for sale in Gera, Germany

As a potential buyer, this property in Gera, Germany, presented at a price of 308,000€, offers a combination of residential and commercial spaces that can be an attractive investment opportunity. The project encompasses 11 residential units and 2 commercial units distributed over 4 floors, with a total living area of 654 m² and a net living area of 164 m². The property's age varies between pre-1900 and 1996-98, suggesting a blend of historical charm and modernized comfort. The buyer should be aware that the inside of the property was not inspected during the visit. However, the estimated individual property values indicate that the commercial units are valued at 12,000 EUR and 44,000 EUR, while the residential units range between 13,000 EUR and 38,000 EUR. With a total value of 308,000 EUR, the property presents a potential investment opportunity. If the buyer takes advantage of the contractual incentives, such as a 30% discount on the determined market value, the total investment can be reduced to 215,600 EUR. Additionally, legal fees and brokerage costs are not included in the stated price, which can further contribute to the overall value reduction. As a lifestyle purchase, the property can offer a combination of residential and business opportunities, allowing for a versatile use. The local area might offer amenities and attractions that are ideal for personal use or for tenants who will occupy the residential units. In summary, this property in Gera, Germany, offers a good real estate investment opportunity thanks to its mix of residential and commercial spaces and its potential for attractive rental income. However, the buyer should consider the property's age and the fact that an external inspection was not possible during the viewing. As a lifestyle purchase, the property can provide a range of amenities and convenience for personal use.