House for sale in Gelsenkirchen, Germany

Property Description: This multi-family house features 7 apartments spread over three floors. It is fully basemented and has an expanded attic area. The living space measures 349 square meters. In addition, there is an outbuilding consisting of a garage complex with 3 separate parking spaces. The main building was fictitiously built in 1964, while the outbuilding was constructed in 1962. Originally, the building dates back to 1909. All apartments and garage parking spaces are already rented. The heating is provided by a gas central heating system and night storage heating, and the hot water is heated by an electric instant water heater. There are structural defects and damages, overall, the property is in below-average condition. Thoughts on Price: At a selling price of 300,000€, this property offers significant potential for investment. With the opportunity to secure a potential 30% discount on the market value, savvy buyers could acquire this property for only 210,000€. Additionally, the absence of notary fees and agency commission make this an attractive proposition for those looking to invest in real estate. Despite the property's current condition, there is ample opportunity for renovation and improvement, adding further value to the investment. Don't miss out on the chance to acquire this property at a discounted price and unlock its full potential.