House for sale in Walheim, Germany

This property is a two-story multi-family house consisting of three apartments, offering a blend of character and potential for investment. Built in 1930, the building features a partially basement design and a converted attic space, enhancing the living area. The total living and usable space amounts to 306/161 square meters, which includes an attached garage area, providing convenience for tenants or owners. The heating system is centralized, utilizing an oil-fired warm air heating method, complemented by a warm air distributor connected to the tiled stove. Additionally, hot water is supplied either through a boiler or a continuous flow heater. Given the location in Walheim, there is significant rental demand, making this property an appealing option for both experienced investors and new buyers looking to capitalize on the rental market. The property is up for auction with an estimated market value of 395,000 EUR. There's potential for a substantial discount of approximately 30%, allowing a buyer to secure the property for about 276,500 EUR. This auction not only alleviates the burden of notary fees and brokerage commissions but also presents a unique opportunity to acquire an investment property below its market value.