House for sale in Iserlohn, Germany

Property Description: This property is a multifamily house with a commercial unit consisting of 10 apartments, 12 rooms, and a store. It is comprised of a front, back, and side wing spread across three floors with an attic, totaling 845 square meters of living and usable space. The building is estimated to have been built in 1905. From the exterior, the property appears to be in neglected to dilapidated condition. Price Thoughts: The listed price of 1€Kaufpreis for this property seems quite low considering the size and potential of the building. Given the current condition described in the listing, it may require significant renovations and investment to bring it up to a habitable and attractive standard. However, with the potential to secure a 30% discount on the market value, bringing the price down to 0.70 EUR, this could present a unique opportunity for investors or developers looking to take on a project with the possibility of a substantial return on investment in the future.