House for sale in Herne, Germany

Property description: This multi-family house with commercial unit and 6 apartments is spread over 3 floors with a basement and converted attic. The living spaces vary between 79 and 127 m², totaling 554 m² of living space and 88 m² of usable space. Additionally, there are 2 parking spaces in the courtyard. The building was likely built in 1895, with a renovation/addition in 1928/29. The layout includes on the ground floor: hallway, commercial space, kitchen, WC // hallway, bathroom, kitchen, 3 rooms; On the first and second floors on the right side: hallway, bathroom, kitchen, storage room, 3 rooms, loggia // on the left side: hallway, bathroom, kitchen, 4 rooms, loggia; In the attic: 2 hallways, 2 bathrooms, kitchen, storage room, 4 rooms, balcony. Heating and hot water supply are provided by a gas central heating system from 2013. There is evidence of deferred maintenance. Three out of six apartments were not able to be inspected internally. Price thoughts: The property is being sold at a value of 541.000€, but buyers have the potential to secure a discount of up to 30% on the market value, making the purchase price only 378.700€. This property presents an opportunity for buyers to acquire a spacious and diverse building at a potentially discounted price, with the added benefit of avoiding notary fees and broker commissions. With some renovation and maintenance work, this property has the potential to yield a good return on investment in the future.