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64720 Michelstadt - Hessen
Property description: Are you looking for a house with plenty of space and many rooms? Do you have handyman skills and can do a lot on your own? Then take a closer look at this large house. It was built in 1980 in solid construction on a leasehold property belonging to the Evangelical Church. According to the building permit, the house has approximately 213 m² of living space. Over the years, an additional 115 m² of existing usable space has been converted into living space. Most recently, 4 residential units were used, including 2 large apartments on the first and second floor, a small apartment on the second floor, and a medium-sized apartment in the basement. The units have water and electricity meters, as well as heat meters. Additionally, there are cellar rooms, 4 garages, and 4 parking spaces. The property is already free of tenants and will soon be vacated. Thoughts on price: The price of 425.000€ for this property seems reasonable considering the amount of space and potential it offers. However, it is important to note that the property is on a leasehold basis, with an annual lease fee of approximately 2.616€ starting in 2025. This should be taken into consideration when evaluating the overall value of the property.
64720 Michelstadt - Hessen