House for sale in Witten, Germany

Property Description This building is a residential and commercial property with four apartments and two commercial units, spanning two floors and including a basement and converted attic. The total living and usable space is 275 sqm, with 141 sqm being devoted to living space. It also includes a garage and was originally built as a residential building in the late 1900s before undergoing renovations in 1965. The building is heated by a gas central heating system, with hot water provided by a tankless water heater and a boiler. There is some maintenance backlog, and a billboard is located on the right gable side of the building. Thoughts on Price The property is currently being auctioned by the local court, with an appraised value of 430,000 EUR. Buyers may be able to secure a 30% discount on the appraised value, bringing the purchase price down to 301,000 EUR. Additionally, notary fees and real estate agent commissions are waived, making this a potentially attractive investment opportunity. Considering the size of the property and its potential for rental income from both residential and commercial tenants, this price presents a good value for buyers looking to acquire a sizable property in a desirable location like 58453 Witten.