House for sale in Burscheid, Germany

Property Description A residential complex consisting of three apartment buildings with a total of 59 apartments (1 to 4 rooms), 9 stories high, with basements, a total living area of 3,651 m², balconies, 5 integrated double garages and 1 single garage, as well as a garage courtyard with 16 additional garages and 27 open parking spaces in front of the buildings. Built in 1972/73. The gas central heating systems provide heating and hot water. Various maintenance measures are required overall. The complex is in moderate to poor condition and has a significantly high need for repairs. Due to these issues, some apartments are currently uninhabitable or unrentable, while 22 apartments are vacant. Price Thoughts The property is being auctioned at a price of 3.265.000€. However, there is a possibility to secure a 30% discount on the market value, bringing the cost down to 2.285.500€. Additionally, notary costs and agency fees are waived. This presents a great opportunity for potential buyers to acquire this property at a reduced price and invest in the necessary renovations to capitalize on its potential. The property's current condition may require some initial investment, but with the right vision and resources, it has the potential to become a lucrative investment for the future. Contact us for further information and take advantage of this opportunity to acquire this property at a discounted price.