House for sale in Ulm, Germany

Property Description: Multi-family house with 4 residential units in a hillside location. The building is two stories, partially basemented, with an attic and an attic space. The total living space is 443 sqm. Additionally, there is a former agricultural building and 6 parking spaces. The exact year of construction is unknown, but an extension to the basement was carried out in 1958 and a renovation took place in 1995. The room layout is as follows: On the ground floor, there are a hallway, utility room, 2 bathrooms, pantry, hallway, and 3 rooms totaling 152 sqm. On the first floor on the right side, there is a hallway, guest toilet, bedroom with access to the kitchen-living room, bathroom/toilet, an external storage room, and a balcony, totaling 55 sqm. On the left side of the first floor, there are hallway, guest toilet, bedroom, kitchen-living room, bathroom/toilet, an external storage room, and a balcony, totaling 82 sqm. In the first attic, there is a hallway, storage room, bedroom, bathroom/toilet, and a living/dining room with open kitchen. In the second attic, there are a hallway, loft, bedroom, bathroom/toilet, totaling 154 sqm. Heating according to the building plan is provided by a wood/coal-oil combination unit; support for hot water production is provided by solar modules. The residential building is in an average condition according to the year of conversion or expansion. There are building damages and defects, including algae traces on the facade, plaster flaking, cracks in the building base, as well as rotten and brittle spots on the wooden floorboards of the southeast balcony. The apartment on the ground floor has two separate entrances. Price Thoughts: The property is being auctioned off by the local district court with a market value of 1,370,000.00 EUR. There is a possibility to secure a 30% discount on the market value, reducing the price to 959,000.00 EUR. Additionally, notary fees and agency commissions are waived. This property presents a unique opportunity for potential buyers to acquire a spacious multi-family house with potential for renovations and improvements at a discounted price. It is important to assess the condition of the property and consider the potential costs of repairs and upgrades before making a decision to purchase.