House for sale in Wuppertal, Germany

Property description: This four-story multi-family house with a basement and converted attic contains a total of ten 1- and 2-bedroom apartments. The living spaces range from 35 to 60 m², totaling 499 m². Each apartment also has a loggia, and there are cellar rooms available. The exact year of construction is unknown, but it is estimated to be around 1970. The individual market values of the apartments range from 39,000 EUR to 76,000 EUR. The property is heated by a gas combination boiler, and the electrical wiring is outdated and has simple equipment. Thoughts on price: The property is listed for sale at a market value of 594.000€. However, there is potential to secure a 30% discount on the market value, bringing the price down to 415,800€. This could be a great opportunity for potential buyers to acquire the property at a significantly lower price. Additionally, there are no notary fees or agent commissions, making it a cost-effective investment.