House for sale in Monchengladbach, Germany

Property Description Three-story apartment building with three units, originally built in 1930 as a single-family home, without a basement, totaling 148.65 sqm of living space and a garage in the basement. Layout: The basement includes a laundry room/boiler room, cellar rooms, and a garage. The ground floor features a hallway, two rooms, a kitchen, a bathroom/ WC, and a terrace measuring 54.10 sqm. The first floor consists of a hallway, two rooms, a kitchen, a bathroom/ WC, and a balcony with 53.70 sqm of space. The attic includes a hallway, two rooms, a kitchen, and a bathroom/WC with 40.85 sqm. The building is heated with a gas central heating system, and there are gas water heaters, electric water heaters, or electric under-table devices for hot water. Both the residential building and the property are in a neglected condition, with no recent modernizations. Significant maintenance issues have been identified. Price Thoughts The property is being auctioned by the local court with an appraised value of 182,000.00 EUR. Potential buyers may be able to secure a 30% discount on the appraised value, bringing the purchase price down to 127,400.00 EUR. Additionally, notary and agency fees are waived, making this a potentially attractive investment opportunity for buyers willing to address the maintenance issues.