House for sale in Hagen, Germany

Property Description: This property is a four-family house consisting of four two-bedroom apartments and one one-bedroom apartment. The house is four stories high, with a basement, and has a total living space of 237.17 sqm. The apartments range in size from 30-52 sqm and the building was constructed in 1914, following reconstruction in 1948. Unfortunately, a viewing of the interior was not possible, but it appears evident that extensive modernization, maintenance, and renovation are needed. The garden at the back of the property is heavily overgrown. The property is situated above a former mining area that has since been decommissioned. There are no mining activities documented in the available records, so there should be no mining-related impacts to consider. Price Thoughts: The property is being auctioned at a market value of 78,000 EUR. However, there is a possibility to secure a 30% discount on the market value, bringing the price down to 54,600 EUR. Additionally, notary fees and agency commission are waived. This property presents an opportunity for potential buyers to acquire a unique investment at a discounted price.