House for sale in Karlsruhe, Germany

Property Description: A two-story multi-family house with three apartments and a basement, as well as a converted attic, is being offered for sale. The living space is 312 square meters. It has an attached double garage and a single garage with extra length. The building was constructed in 1968 and partially modernized in 2003, especially the windows. The layout includes on the ground floor: hallway, guest toilet, four rooms, kitchen, bathroom/toilet. On the upper floor: hallway, guest toilet, four rooms, kitchen, bathroom/toilet, and a covered balcony. In the attic there are a hallway, two rooms, kitchen, and bathroom/toilet. The building is heated by gas central heating, with hot water provided by the central heating system on the ground floor and upper floor, and by electric appliances in the attic. The overall condition of the residential building appears to be average, with noticeable maintenance needs due to its age. There are some repair backlogs, such as moisture damage to the parquet flooring, leaky window seals, and other minor repairs. Price Thoughts: The listed price for this property is 763,000 EUR, which may seem high considering the maintenance needs mentioned in the description. However, there is potential for a 30% discount on the appraised value, bringing the price down to 534,100 EUR. This discounted price, along with the elimination of notary fees and agency commission, could make this property a more attractive investment for potential buyers looking to acquire a spacious multi-family property in Karlsruhe. Please note that this property is being auctioned by the local court, and further information can be obtained by contacting the provided phone number during business hours. This property is one of many interesting real estate opportunities featured in a monthly catalog of affordable auction properties, offering buyers the chance to acquire their desired property at a reduced cost. Contact the provided phone number for more details.