House for sale in Koln, Germany

Property description: Semi-detached multi-family house with 3 apartments, spread over 2 floors and an attic. The building has a total living space of 249 m² and is basement. In addition to a garage, there is also a parking space for 3 vehicles on the property. The construction year is estimated to be around the 1960s. The layout is as follows: In the basement there are a hallway, laundry room, cellar and storage rooms, boiler room, oil tanks, and house connections. On the ground floor, there is a hallway, bathroom, toilet, kitchen, 4 rooms, an internal staircase to the upper floor, and a terrace. The upper floor has rooms and a loggia, a hallway, another bathroom, kitchen, 3 rooms, and another loggia. In the attic, there is a hallway, a bathroom, a kitchen, 2 rooms, and a balcony. All three apartments are rented out and heated by an oil central heating system that also provides hot water. There is a significant backlog in the maintenance and modernization of the building, with structural defects and damage that need to be addressed. Price thoughts: The property is currently listed for sale at a price of 760,000€. However, there is potential to secure a 30% discount on the market value through auction, bringing the price down to 532,000€. This represents a significant saving for potential buyers, especially considering the maintenance and modernization requirements of the building. Interested parties are encouraged to contact the listing agent for further information and to explore the possibility of acquiring this property at a discounted price.