House for sale in Leipzig, Germany

Property Description: This multi-family house consists of nine residential units spread across four floors and an attic. The property is fully basemented and offers a total of 754 square meters of living space, ranging from 50.47 to 124.87 square meters. There is also a courtyard building with two garages and a bicycle room. Built in 1898, the building is listed as a historical monument. A renovation took place in 2016/17. The layout of the apartments includes a hallway, bathroom/toilet, kitchen, 2-3 rooms, and a balcony. Eight units are already rented out and heated by a gas central heating system (owned by a third party) that also provides hot water. The apartments also have underfloor heating. Unfortunately, a complete interior inspection could only be partially conducted. Thoughts on Price: The property is listed at a price of 2,000,000 EUR, however, there is an opportunity to potentially secure a 30% discount on the market value, bringing the price down to 1,400,000 EUR. Additionally, notary fees and agency commission would be waived. This property presents a unique investment opportunity given its historical significance and rental income potential.