House for sale in Koln, Germany

Property Description: An attached multi-family house with three units spread across two floors and a basement. The attic is converted, with each unit ranging from 45 to 59 m², totaling 157 m² of living space and 50 m² of usable space. The building features a single-story extension, a parking space, and a garden. Built in 1925 and modernized in 1969/90, the property is heated by a gas central heating system. Please note that a full interior inspection was only partially possible and the extension does not have a permit. There is a significant backlog of maintenance and extensive need for renovation work. Price Consideration: The property is currently listed for auction by the local district court at a market value of 370.000,00 EUR. There is a possibility to secure a 30% discount on the market value, reducing the price to 259.000,00 EUR. Additionally, notary fees and agency commissions are waived. This property presents a unique opportunity to acquire a fixer-upper at a reduced cost and customize it to your liking. Don't miss out on this chance to invest in a property with great potential.