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House for sale in Igensdorf, Germany
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House for sale in Igensdorf, Germany

60 000€

91338 Igensdorf

Investment Breakdown

Gross Yield:

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Time to pay off with rent:

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Expected Rent:

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Property description

Property Description This two-story residential house with a living area of 100 m² was built in 1961 and has a partially basement area. The layout includes on the ground floor a hallway, a laundry room, a workshop room, a bathroom/toilet, a bedroom, a kitchen, and a living room. Upstairs there are a hallway, three rooms, a shower room, and a balcony. The heating is provided by electric heating and electric fans, supplemented by two wood-burning stoves. The room on the ground floor used as a workshop is currently being used as a connecting or storage room (so-called captive room). An interior inspection of the partial basement and attic was not possible due to lack of access. The structural condition leaves much to be desired, with large areas of plaster damage and unfinished residual work that has existed for years. The former garage has been bricked up. Price Thoughts The listed price for this property is 60.000€, however, there is potential for a 30% discount on the market value, meaning that you could potentially acquire this property for just 42,000€. It is important to note that notary fees and agency commissions are waived in this particular case, making it a potentially attractive investment opportunity for those looking for a fixer-upper or a property with renovation potential. This property is being auctioned by the local district court, so it may be a good idea to act quickly and seize the opportunity to purchase this property at a discounted rate.

Location

91338 Igensdorf

Date added: 30.10.2024

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