House for sale in Witten, Germany

Property Description: This residential and commercial building in Witten consists of four apartments and two commercial units, spread over two floors with a cellar and converted attic. The total living and usable space is 275 m² and 141 m², respectively. It also includes a garage and was originally built as a residential building at the end of 1900, before being converted in 1965. Heating is provided by a gas central heating system, while hot water is supplied by a tankless water heater and a boiler. There is some maintenance backlog, and a billboard is located on the right gable side of the building. Thoughts on Price: The property is being auctioned by the local court with a market value of 430,000.00 EUR. There is a possibility of securing a 30% discount on the market value, resulting in a purchase price of only 301,000.00 EUR for this property. Additionally, notary fees and agent commission are waived, making this an attractive opportunity for potential buyers. With some potential for upgrades and renovations, the property could offer a promising return on investment in the Witten area.