House for sale in Nurnberg, Germany

Property Description: This building consists of a residential and commercial building with 15 apartments and a commercial unit, spread across four floors with an attic. The living spaces range from 37 to 125 m², totaling 897 m² of living space and 69 m² of usable space. In addition, there is a single-story annex and a garage building with nine garages. The entire building ensemble was built in 1956/57. There is no central heating available. The apartment building appears overall neglected, poorly maintained, and outdated; it shows numerous structural and cosmetic issues. Price Thoughts: The listed price for this property is 2.340.000€Kaufpreis, but there is potential to secure a 30% discount on the appraised value, bringing the purchase price down to 1.638.000€Kaufpreis. Additionally, there are no notary fees or agency commissions involved in the purchase. This property presents an opportunity for a savvy investor or developer to acquire a substantial building at a reduced cost, allowing for potential renovation and improvement to increase its value. With the right vision and investment, this property could be transformed into a lucrative investment opportunity in an up-and-coming area like Nuremberg. Contact us for more information and to explore the potential of this property.