House for sale in Monchengladbach, Germany

Property Description: This historical residential building consists of three apartments over two floors, with no basement, and an attic. The total living space is 323.15 m², with individual units ranging from 99-119 m². Additionally, there are eight garages located on the rear of the property. The building dates back to 1820 and was originally part of a courtyard with four sides. In 1989, the residential building was renovated to add three additional apartments and dormer windows. The apartments and garages are currently rented out. Heating is provided by a gas central heating system, while hot water is supplied by electric instantaneous water heaters. Only the attic apartment was accessible during the viewing. This property is being auctioned by the responsible district court. The market value is 455,000.00 EUR. You may be able to secure a 30% discount on the market value, resulting in a purchase price of only 318,500.00 EUR for the above-mentioned property. Notary fees and agency commission are also waived. This is just one of the many interesting properties listed in our monthly affordable real estate auction catalog. Contact us now to obtain information on how to acquire your desired property at a discounted price. Thoughts on Price: The asking price for this property may initially seem high at 455,000.00 EUR. However, with the potential for a 30% discount, the actual purchase price could be a more reasonable 318,500.00 EUR. Considering the historical significance of the building, the rental income from the apartments, and the additional value of the garages, this property could be a solid investment opportunity for the right buyer.