House for sale in Chemnitz, Germany

This multi-family building is a three-story structure featuring an attic and a basement, comprising several residential units. With a total living area of 775 square meters, the building was constructed in 1937. It has been vacant for some time, indicating a significant need for renovations. Notably, the property has been affected by serious issues with dry rot, which has unfortunately prevented an interior inspection. The potential buyer should be prepared for extensive rehabilitation efforts. Despite its current state, this property presents a unique opportunity for investment, particularly for those looking to capitalize on the real estate market. Given the possibility of acquiring the property at a substantial discount during the auction process, investors can envision transforming this property into a desirable living space once the necessary repairs are completed.