House for sale in Mannheim, Germany

Property description: This two-sided semi-detached multi-family house with three units is 2-storey with an attic, offering a living space of 215 m² and was built in 1929. Modernization measures were carried out in the years 1970 and 1980. The layout is as follows: On the ground floor, there is an entrance hall, three rooms, a bathroom with a WC, a kitchen, and a loggia totaling 72 m². The upper floor consists of an entrance hall, three rooms, a bathroom with a WC, a kitchen, and a balcony on 72 m². The attic includes an entrance hall, three rooms, a bathroom with a WC, and a kitchen on 71 m². The oil central heating has been out of operation for at least 3 years. Hot water is provided by an electric boiler. According to information, the residential building has been vacant for around 7 years, excluding the ground floor apartment. The property is in an overall below-average condition with damages and deficiencies both inside and outside due to aging and neglected regular maintenance. Price thoughts: The listed price for this property is 270.000€, which is the estimated market value. Considering the current condition of the property and the need for renovations and repairs, the price may seem high. However, it is mentioned that potential buyers could secure up to a 30% discount on the market value, bringing the price down to 189.000€. This makes it a more attractive option for those looking to invest in a property with renovation potential. Keep in mind that additional costs for repairs and upgrades should be factored into the overall budget when considering this investment.