House for sale in Augustusburg, Germany

• Bad 3
• Boden Fliesen, Laminat

Property Description Historic multi-family house located at the foot of Augustusburg with a beautiful view. There are two apartments on the first floor and one apartment on the attic floor. Both apartments on the first floor have been renovated and are currently rented out. One of them has a fitted kitchen and is heated by a gas heater. The two apartments on the attic floor are in need of renovation and currently vacant. On the ground floor, there are two shops (one for daily needs and one for sausages/fish). These shops are connected by a storage room and occupy the entire ground floor. The roof facing the garden was newly roofed in 2012, however, the roof facing the street urgently needs to be redone. A majority of the windows were replaced with insulated glass windows with plastic frames in 2001. The facade facing the garden is painted, while the facade facing the street is still in its original state. Please note that the facade of the main house is under historical protection. Price Thoughts The property is priced at 548.000€ and offers great potential for rental income with the already renovated and rented apartments on the first floor. The additional vacant apartments on the attic floor provide the opportunity for further renovation and potential for increased rental income. The two shops on the ground floor also add to the income potential of the property. The historical significance of the property, along with the stunning views from the location, adds to its attractiveness and unique charm. With some renovations and updates, this property has the potential to be a lucrative investment opportunity.