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House for sale in Birkenfeld, Germany
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House for sale in Birkenfeld, Germany

481 000€

75217 Birkenfeld

Investment Breakdown

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Property description

Property Description: This two-story residential and commercial building in Birkenfeld features four apartments and two commercial units. With a total of 212 square meters of living space and 175 square meters of usable space, the building offers plenty of potential. Built in 1908/09 with renovations and extensions up to the year 2000, the property includes a basement and an attic. The layout of the building includes a heating room and cellar rooms in the basement, a hallway, a sales area, a kitchen, a dining area, a restroom, an outdoor terrace, a storage room, and more on the ground floor. The first floor consists of multiple rooms, kitchens, and bathrooms, while the attic features additional rooms and amenities. The property also includes two parking spaces. Although the building is heated with an oil central heating system, there are areas that require renovation and modernization due to various structural damages and defects both inside and outside the building. This property presents a unique opportunity for the right buyer to customize and enhance the space to their liking. Price Thoughts: The property is currently listed for sale at a price of 481.000€, but there is an opportunity to potentially secure a 30% discount on the market value, bringing the price down to 336.700€. Additionally, there are no notary fees or agency commissions associated with this purchase. With some renovations and improvements, this property has the potential to increase in value and provide a solid return on investment. Don't miss out on this opportunity to acquire a unique and versatile property in Birkenfeld.

Location

75217 Birkenfeld

Date added: 03.11.2024

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