House for sale in Munchen, Germany

Property Description: Two-story apartment building with basement and converted attic, with a living area of 214 square meters and a usable area of 75 square meters. The building has two underground garages (each 42.12 square meters) and a storage shed. It was built in 1971, with the attic conversion completed in 1988. The layout includes a hallway, laundry room, boiler room, and four basement rooms (totaling 75.77 square meters) in the basement, a flat with a hallway, kitchen, utility room, living room, bathroom, bedroom, guest room, and a terrace (3.00 square meters) with a size of 84.87 square meters on the ground floor. Upstairs is another apartment with a hallway, kitchen, children's room, bathroom, guest room, bedroom, living room, and a balcony (1.46 square meters) with an area of 84.87 square meters. The attic has a hallway, storage room, chamber, kitchen, bathroom, living room with a size of 44.14 square meters. Heating and hot water are provided by an oil central heating system. The building is in poor condition, so a viewing could not be conducted. Thoughts on Price: The property has a listed selling price of 1,355,000 EUR, but it is being auctioned by the local court. There is an opportunity to potentially secure a 30% discount on the appraised value, bringing the cost down to 948,500 EUR. Additionally, there are no notary fees or agent commissions involved. The property may require significant renovation due to its current condition, which should be taken into consideration when assessing its value.