House for sale in Iserlohn, Germany

Property Description: Multiple-family house with commercial unit (10 apartments, 12 rooms, shop), consisting of front, rear, and side wings, spread over three floors with converted attic, totaling 845 square meters of living and usable space, presumably built in 1905; market value: 0.00 euros. From the outside, the property appears to be in a severely neglected to dilapidated state. Price Thoughts: The listed market value of 1.00 euro may seem exceptionally low for a property of this size and potential. Given the condition described, there is the opportunity for potential buyers to secure a significant discount of up to 30% off the market value. This discounted price of 0.70 euros, along with the potential savings on notary fees and broker commission, presents a rare opportunity for investors or developers looking to acquire a property with ample space for renovation and commercial use. Interested parties are encouraged to explore this property further and consider the potential for a cost-effective investment.