House for sale in Iserlohn, Germany

Property Description: Multi-family house with commercial unit (10 apartments, 12 rooms, storefront), consisting of front, back, and side wings, spread over three floors with a converted attic, totaling 845 square meters of living and usable space, presumed to be built in 1905. The property appears to be in a heavily neglected to dilapidated condition from the outside. Thoughts on Price: With a listed market value of only 1€, this property appears to be a potential opportunity for investors or buyers looking for a renovation project. There is also the possibility of securing a 30% discount on the market value, bringing the price down to just 0.70€. Additionally, the property is being auctioned by the local court, which may present a unique chance for a bargain purchase. It is advisable to conduct thorough due diligence and inspections before making a decision to purchase this property.