House for sale in Monchengladbach, Germany

Property Description: - Three-story multi-family house with three apartments, originally built in 1930 as a single-family home - No basement, but includes a basement garage - Total of 148.65 m² of living space - Layout: Basement includes a laundry room/heating room, cellar rooms, and a garage. Ground floor features a hallway, two rooms, a kitchen, a bathroom/toilet, and a terrace. The first floor includes a hallway, two rooms, a kitchen, a bathroom/toilet, and a balcony. The top floor has a hallway, two rooms, a kitchen, and a bathroom/toilet. - The building is heated with a gas central heating system, with gas instantaneous water heaters, electric instantaneous water heaters, or electric undersink units for hot water. - Both the residential building and the property are in neglected condition, with no recent modernizations. Significant maintenance issues have been identified. Thoughts on Price: The property is listed for sale at a price of 182,000 EUR, but it is being auctioned by the local district court. It is possible to secure a 30% discount on the appraised value, potentially reducing the price to 127,400 EUR. This discounted price, along with the elimination of notary fees and agent commissions, presents a potentially attractive opportunity for buyers looking to purchase a property at a reduced cost. However, it is important to consider the neglected state of the building and the need for maintenance and modernization when evaluating the overall value of this property.