House for sale in Bochum, Germany

Property description: A detached multi-family house with 10 apartments, spread over 3 floors, basement, and an attic, with a total living area of 619 m² and balconies ranging from 45-76 m², as well as a 2-story storage building (former stable) and 2 garages. The exact year of construction is unknown, but the building was rebuilt in 1950 and expanded in 1990. Modernizations took place from 2010 to 2019. The heating is done through a gas combi boiler. Overall, the structural condition is satisfactory, although the stable is in poor condition. Thoughts on price: The property is being auctioned by the competent district court with a market value of 568,000.00 EUR. There is a possibility to secure a 30% discount on the market value, resulting in a purchase price of 397,600.00 EUR. Additionally, notary fees and brokerage fees are waived. This presents a great opportunity for potential buyers to acquire this property at a discounted price and potentially add value through renovations or improvements.