House for sale in Remscheid, Germany

Property description: This multiple-family and commercial property consists of seven apartments and one office, spread over three floors plus a basement, with an attic conversion. The apartments range in size from 29 to 92 square meters, totaling 401 square meters of living space and 69 square meters of usable space. Additionally, the property features a terrace above a storage room at the rear. Built in 1950, the building is heated by gas heaters, with hot water provided by the heating system and an electric water heater. The property enjoys ample sunlight and natural light. However, the overall condition of the building has been neglected, with basement rooms, courtyard area, and attic partially cluttered. Four out of the seven heating systems do not work properly or at all. The electrical and plumbing fixtures are outdated, and the exterior grounds are neglected. Price thoughts: The listed property has a market value of 301,000.00 EUR, but it is being offered at a discounted price of 210,700.00 EUR, potentially saving buyers up to 30% off the market value. In addition, there are no additional notary fees or agent commissions required for the purchase. This property presents a unique opportunity for buyers looking to invest in a potentially lucrative real estate venture, with the possibility of renovating and improving the existing infrastructure. For those interested in exploring further details about this property and others like it, contact the provided phone number for access to the monthly publication of the IMMOBILIENVERSTEIGERUNGS-KATALOG. This could be the chance to acquire your desired property at a discounted price.