House for sale in Hamm, Germany

Property Description The building is a two-family house with 6 apartments, spread over 2 floors, with a living space of 30-50 sqm. It was built in 1954 and has a small green area of 5 sqm. The individual market values range from 20,000 EUR to 34,000 EUR. The plot is a small plot and has a value of 300 EUR. Currently, the apartments are not habitable or rentable, as all pipe systems, electrical wiring, fittings, radiators, and heating system are missing. The entire building has been sealed by the city. This property is being auctioned at the local district court. Market value: 167,300.00 EUR. You may be eligible for a 30% discount on the market value, resulting in a purchase price of only 117,110.00 EUR for the above-mentioned property. Notary fees and agency commissions are also waived. This is one of many interesting properties that we publish in our affordable REAL ESTATE AUCTION CATALOG every month. Contact us now to secure this information and acquire your desired property at a reasonable price. Catalog information: Phone number 0221-97459790. Price Consideration The property is priced at 167,300 EUR, which may seem steep considering the current condition of the apartments. However, with the potential for a 30% discount, the purchase price could be reduced to 117,110 EUR, making it a more attractive investment opportunity. It's important to factor in the cost of renovations and repairs when considering the overall value of the property. Additionally, the location in Hamm offers potential for future growth and development, adding to the property's long-term value.