House for sale in Forchheim, Germany

Property Description Two-story apartment building with five units, fully basemented and with a converted attic, totaling 360 square meters of living space, including a carport. The building is in a state of disrepair and neglect, in urgent need of maintenance. One tenant has used the entire building to house refugees, currently accommodating 21 people. Price Thoughts The property is listed with a market value of 700.000€. It is important to note that there is potential to secure a 30% discount on the market value, bringing the price down to 490.000€. Additionally, there are no notary fees or agency commissions involved in the purchase of this property. This could be a great opportunity for an investor or buyer looking to acquire a property at a discounted price and willing to invest in the necessary renovations.