House for sale in Herne, Germany

Property description: This multi-family house with a commercial unit and 6 apartments is spread over 3 floors with a cellar and converted attic. The living spaces range from 79 to 127 m², totaling 554 m² of living space and 88 m² of usable space. It also includes 2 parking spaces in the courtyard. The building was likely built in 1895, with a renovation/addition in 1928/29. The layout includes on the ground floor: hallway, commercial space, kitchen, WC // hallway, bathroom, kitchen, 3 rooms; On the first and second floors each to the right: hallway, bathroom, kitchen, storage room, 3 rooms, loggia // to the left: hallway, bathroom, kitchen, 4 rooms, loggia; In the attic: 2 hallways, 2 bathrooms, kitchen, storage room, 4 rooms, balcony. Heating and hot water supply are provided by a gas central heating system from 2013. Only the apartment on the 1st floor to the right has a gas combi boiler. There is a backlog of maintenance. Interior inspections were not possible for three out of a total of six apartments. Thoughts on price: The asking price of 541,000€ seems reasonable considering the size and potential of this property. With a potential discount of up to 30% on the market value, buyers could secure this property for as low as 378,700€. It is important to take into consideration the maintenance backlog and the potential for renovations or updates to make this property a lucrative investment opportunity. Overall, this property presents a great opportunity for those looking to invest in a multi-family dwelling with commercial space in a desirable location.