House for sale in Koblenz, Germany

Property Description: Detached multi-family house with four separate apartments, two stories with partial basement and converted attic, living space ranging from 55 to 127 square meters, totaling 325 square meters of living space. The property features four balconies, terraces, a pond, a garden tool shed, as well as a garage with 18.53 square meters of usable space. Built in 1973, with modernizations done in 2010/2012; additionally, there is an undeveloped plot of land. Heating and hot water are provided by a gas central heating system. The ground floor apartment could not be visited. The building is mostly in a condition that corresponds to the year of construction. However, there is a significant maintenance backlog with structural defects and damages (including moisture damage in the basement and partially on the ground floor, minor cracks, older windows, outdated building technology predominantly, interior in need of modernization, older roof covering). Price thoughts: The property is listed at a price of 676.000€, which reflects the current market value. However, there is an opportunity to potentially secure a 30% discount on the property, bringing the price down to 473.200€. This could be a great opportunity for buyers looking to invest in a property with potential for renovation and improvement. Interested buyers should consider contacting the listed phone number for more information and to explore this and other affordable properties available for purchase at auction.