House for sale in Essen, Germany

Property Description This semi-detached multi-family house consists of six apartments with a total living space of 505 m² spread over five floors. The apartments range in size from 62-96 m² and each have two balconies and a covered roof terrace. Each apartment also comes with a cellar and there is a garage belonging to apartment No. 1. The building was fictitiously constructed in 1971. The assessed values of the individual apartments range from 59,000 EUR to 100,000 EUR. The heating is provided by a district heating system, while office unit No. 1 on the ground floor is used as an apartment. No approved building permits were obtained for this conversion or for structural changes in other apartments. Thoughts on Price The property is being auctioned at the local civil court with a market value of 464,000.00 EUR. There is a possibility of securing a 30% discount on the market value, potentially resulting in a purchase price of only 324,800.00 EUR for this property. Additionally, there are no notary fees or agency commissions to be paid. This property presents a unique opportunity for investment or potential redevelopment. Contact us for more information and to explore the potential of acquiring this property at a discounted price.