Property Description: 
A building complex consisting of three multi-family houses with a total of 59 apartments (with 1 to 4 rooms). The buildings are each nine stories high, basement and offer a total living area of 3,651 square meters. The complex includes balconies, five integrated double and single garages, as well as 16 additional garages in the garage courtyard and 27 open parking spaces in front. The buildings date back to the years 1972/73. Heating and hot water supply are provided by gas central heating. There is a significant need for urgent repairs, as the overall condition ranges from moderate to poor with high damages. As a result, some apartments are currently uninhabitable or unrentable. 22 apartments are currently vacant. 

Thoughts on Price:
The property is priced at 3.265.000€ and is being auctioned by the competent district court. With a potential discount of up to 30% on the market value, the property could be acquired for just 2.285.500€. Additionally, notary and agency fees are waived. Considering the repair needs and current vacancy rate, the property is priced competitively. With proper renovations and management, the potential return on investment could be substantial.

Objektbeschreibung                          Ein Gebäudekomplex bestehend aus drei Mehrfamilienhäusern mit insgesamt 59 Wohnungen (mit 1 bis 4 Zimmern). Die Gebäude sind jeweils neun Stockwerke hoch, unterkellert und bieten eine Wohnfläche von insgesamt 3.651 Quadratmetern. Zur Anlage gehören Balkone, fünf integrierte Doppel- und Einzelgaragen, sowie 16 weitere Garagen im Garagenhof und 27 offene Stellplätze davor. Die Gebäude stammen aus den Jahren 1972/73.Die Beheizung und Warmwasserversorgung erfolgt über Gas-Zentralheizungen. Es besteht diverser dringender Reparaturbedarf, da mäßiger bis schlechter Zustand mit hohen Schäden besteht. Aufgrund dessen sind einige Wohnungen momentan nicht bewohnbar oder vermietbar. 22 Wohnungen stehen derzeit leer.Bitte kontaktieren Sie uns bei weiteren Fragen telefonisch, von Montag - Freitag von 08:00 - 20:00 Uhr, Samstags/Sonntags 10:00 – 18:00 Uhr unter der Telefonnummer 0221-97459790.Dieses Objekt wird beim zuständigen Amtsgericht versteigert.Verkehrswert: 3.265.000,00 EUR.Sichern Sie sich unter Umständen 30 % Nachlass auf den Verkehrswert und zahlen Sie somit für die oben genannte Immobilie nur 2.285.500,00 EUR. Ebenso entfallen Notarkosten und Maklercourtage.Dies ist eine von vielen interessanten Immobilien, die wir in der aktuellen, monatlichen Ausgabe unseres kostengünstigen IMMOBILIENVERSTEIGERUNGS-KATALOGES veröffentlichen. Sichern Sie sich jetzt diese Informationen um Ihre Wunschimmobilie preisgünstig zu erwerben.Kataloginfos:Telefonnummer 0221-97459790.

House for sale in Burscheid, Germany

Property Description:
This property in Burscheid, located at 51399, consists of a building complex that includes both residential and commercial spaces. The complex comprises seven apartments and a beverage store. The building is one to two stories high, with a basement spanning 367 m² and a flat roof. The sizes of the apartments range from 76 to 208 m², totaling a living area of 808 m² and a usable area of 404 m². It was built in 1937 and expanded in 1960. A comprehensive renovation of the apartments with high-quality finishes was carried out from 2012 to 2016.

Additionally, there is another residential building with four units, two stories high with a basement, featuring a winter garden and two garages. This building was constructed in 1890 and partially renovated between 1965 and 1997.

The apartments are currently rented out, some of which are wheelchair accessible. The beverage store is leased. The heating is provided by a gas central heating system from Viessmann, model Vitocrossal CM3. The units do not have individual electricity meters and are supplied with electricity through a transformer in the building. The electricity costs are billed along with the rent. There is a special arrangement regarding the rent for a 146 m² apartment with a garden due to self-improvement works, preventing rent increases until 2042. The property is listed in the historical contamination register as a former gas station site, potentially causing complications during groundworks.

The second residential building is in need of significant renovations since it has been uninhabited for years. It has a wood-destroying fungus infestation in the roof truss and the top floor ceiling. The electricity supply is connected to the first property but is not legally secured.

Price Thoughts:
The current asking price for the property is €1,700,000. Considering the potential issues with contamination and the extensive renovations needed for one of the buildings, the price may seem high at first glance. However, there is a possibility of securing a 30% discount on the property's market value, bringing the cost down to €1,190,000. This discounted price, along with the waived notary and agency fees, could make this property a more attractive investment opportunity for buyers looking to take on the necessary repairs and renovations. The property's location in Burscheid and the combination of residential and commercial spaces could provide versatility and potential for a successful return on investment in the long run.

Objektbeschreibung                          A) Ein Gebäudekomplex, der sowohl Wohn- als auch Gewerbeflächen umfasst, bestehend aus sieben Wohnungen und einem Getränkehandel. Das Gebäude ist ein- bis zweigeschossig, hat einen Keller mit einer Nutzfläche von 367 m² und ein Flachdach. Die Wohnungsgrößen variieren zwischen 76 und 208 m², insgesamt bietet das Gebäude eine Wohnfläche von 808 m² und eine Nutzfläche von 404 m². Es wurde im Jahr 1937 erbaut und 1960 erweitert. Eine umfassende Sanierung der Wohnungen in gehobener Ausstattung wurde von 2012 bis 2016 durchgeführt.B) Dieses Wohnhaus umfasst vier Wohneinheiten und ist zweigeschossig mit Keller. Es verfügt über einen Wintergarten und zwei Garagen. Das Gebäude wurde im Jahr 1890 erbaut und wurde teilweise renoviert zwischen 1965 und 1997.A) Die Wohnungen sind vermietet und teilweise barrierefrei erreichbar. Der Getränkemarkt ist verpachtet. Die Beheizung erfolgt über eine Gas-Zentralheizung der Marke Viessmann, Typ Vitocrossal CM3. Die Einheiten verfügen nicht über separate Stromzähler, sondern werden über einen Transformator im Haus mit Strom versorgt. Die Stromkosten werden zusammen mit der Miete abgerechnet. Für eine 146 m² große Wohnung mit Garten wurde aufgrund selbst eingebrachter Arbeiten eine Sonderregelung hinsichtlich der Mietkosten getroffen, die Mieterhöhungen bis 2042 ausschließt. Das Flurstück ist im Altlastenkataster als ehemaliger Standort einer Tankstelle gelistet, daher kann es bei Bodenarbeiten zur eigenständigen Erschließung möglicherweise zu Komplikationen kommen. B) Die Beheizung erfolgte über eine Gas-Zentralheizung der Marke Buderus, Typ G215 (nicht mehr in Betrieb). Das Wohnhaus ist aufgrund langjähriger Unbewohntheit seit 2018 stark sanierungsbedürftig. Es weist einen Befall von Hausschwamm im Dachstuhl und in der obersten Geschossdecke auf. Die Stromversorgung erfolgt über das Grundstück A), ist jedoch weder privat noch öffentlich-rechtlich abgesichert.Bitte kontaktieren Sie uns bei weiteren Fragen telefonisch, von Montag - Freitag von 08:00 - 20:00 Uhr, Samstags/Sonntags 10:00 – 18:00 Uhr unter der Telefonnummer 0221-97459790.Dieses Objekt wird beim zuständigen Amtsgericht versteigert.Verkehrswert: 1.700.000,00 EUR.Sichern Sie sich unter Umständen 30 % Nachlass auf den Verkehrswert und zahlen Sie somit für die oben genannte Immobilie nur 1.190.000,00 EUR. Ebenso entfallen Notarkosten und Maklercourtage.Dies ist eine von vielen interessanten Immobilien, die wir in der aktuellen, monatlichen Ausgabe unseres kostengünstigen IMMOBILIENVERSTEIGERUNGS-KATALOGES veröffentlichen. Sichern Sie sich jetzt diese Informationen um Ihre Wunschimmobilie preisgünstig zu erwerben.Kataloginfos:Telefonnummer 0221-97459790.

Property Description:

A) A building complex that includes both residential and commercial spaces, consisting of seven apartments and a beverage store. The building is one to two stories high, with a basement measuring 367 m² and a flat roof. The apartment sizes range from 76 to 208 m², totaling 808 m² of living space and 404 m² of usable space. It was built in 1937 and expanded in 1960. A comprehensive renovation of the apartments with high-end finishes was carried out from 2012 to 2016. 

B) This residential building consists of four units and is two stories high with a basement. It features a winter garden and two garages. The building was constructed in 1890 and partially renovated between 1965 and 1997.

A) The apartments are rented out and partially accessible for people with disabilities. The beverage store is leased. Heating is provided by a Viessmann gas central heating system, model Vitocrossal CM3. The units do not have separate electricity meters, but are supplied with electricity through a transformer in the building. Electricity costs are billed along with the rent. A special arrangement regarding rent costs was made for a 146 m² apartment with a garden due to self-improvement works, excluding rent increases until 2042. The plot is listed in the contaminated sites register as a former gas station location, potentially leading to complications during ground works.

B) Heating was previously provided by a Buderus gas central heating system, model G215 (no longer in operation). This residential building has been heavily in need of renovation since 2018 due to long-term vacancy. It has been infested with dry rot in the roof and top floor ceiling. Electricity supply is connected through property A), but is not privately or publicly secured.

Please contact us for further inquiries by phone, Monday - Friday from 08:00 - 20:00, Saturdays/Sundays 10:00 - 18:00 at 0221-97459790.

This property will be auctioned at the competent district court. Market value: 1,700,000.00 EUR. 

Secure a potential 30% discount on the market value and only pay 1,190,000.00 EUR for the above-mentioned property. Notary and agency fees are also waived.

This is one of many interesting properties that we publish in our monthly, cost-effective REAL ESTATE AUCTION CATALOG. Get these details now to acquire your desired property at a low cost.

Catalog information: Phone number 0221-97459790.

Property Description
A residential complex consisting of three apartment buildings with a total of 59 apartments (1 to 4 rooms), 9 stories high, with basements, a total living area of 3,651 m², balconies, 5 integrated double garages and 1 single garage, as well as a garage courtyard with 16 additional garages and 27 open parking spaces in front of the buildings. Built in 1972/73. The gas central heating systems provide heating and hot water. Various maintenance measures are required overall. The complex is in moderate to poor condition and has a significantly high need for repairs. Due to these issues, some apartments are currently uninhabitable or unrentable, while 22 apartments are vacant.

Price Thoughts
The property is being auctioned at a price of 3.265.000€. However, there is a possibility to secure a 30% discount on the market value, bringing the cost down to 2.285.500€. Additionally, notary costs and agency fees are waived. This presents a great opportunity for potential buyers to acquire this property at a reduced price and invest in the necessary renovations to capitalize on its potential. The property's current condition may require some initial investment, but with the right vision and resources, it has the potential to become a lucrative investment for the future. Contact us for further information and take advantage of this opportunity to acquire this property at a discounted price.

Objektbeschreibung                          Ein Wohnkomplex bestehend aus drei Mehrfamilienhäusern mit insgesamt 59 Wohnungen (1- bis 4-Zimmer), 9 Stockwerke hoch, mit Kellern, einer Gesamtwohnfläche von 3.651 m², Balkonen, 5 integrierten Doppelgaragen und 1 Einzelgarage, sowie einem Garagenhof mit 16 weiteren Garagen und 27 offenen Stellplätzen vor den Gebäuden. Baujahr: 1972/73.Die Gas-Zentralheizungen sorgen für die Beheizung und Warmwasser. Insgesamt sind vielfältige Instandsetzungsmaßnahmen erforderlich. Die Anlage ist in einem mäßigen bis schlechten Zustand und weist einen stark erhöhten Reparaturbedarf auf. Aufgrund dieser Probleme sind einige Wohnungen derzeit nicht bewohnbar oder vermietbar, während 22 Wohnungen leer stehen.Bitte kontaktieren Sie uns bei weiteren Fragen telefonisch, von Montag - Freitag von 08:00 - 20:00 Uhr, Samstags/Sonntags 10:00 – 18:00 Uhr unter der Telefonnummer 0221-97459790.Dieses Objekt wird beim zuständigen Amtsgericht versteigert.Verkehrswert: 3.265.000,00 EUR.Sichern Sie sich unter Umständen 30 % Nachlass auf den Verkehrswert und zahlen Sie somit für die oben genannte Immobilie nur 2.285.500,00 EUR. Ebenso entfallen Notarkosten und Maklercourtage.Dies ist eine von vielen interessanten Immobilien, die wir in der aktuellen, monatlichen Ausgabe unseres kostengünstigen IMMOBILIENVERSTEIGERUNGS-KATALOGES veröffentlichen. Sichern Sie sich jetzt diese Informationen um Ihre Wunschimmobilie preisgünstig zu erwerben.Kataloginfos:Telefonnummer 0221-97459790.

Property description:
This apartment building, built around 1972, consists of 59 units with a total living space of 3,651m². The property is fully basemented and has a garage. The overall condition of the building is considered to be moderate to poor, with some units being uninhabitable. At the time of valuation, 22 apartments were vacant.

Thoughts on the price:
Considering the size of the building and the number of units, the asking price of 3.265.000€ may seem high, especially given the reported condition of the property. It is important for potential buyers to carefully assess the cost of necessary renovations and repairs before making a decision. Additionally, the presence of multiple vacant units could indicate underlying issues that may impact the overall value of the property. Buyers should proceed with caution and conduct a thorough inspection before committing to a purchase.

Objektbeschreibung                          Mehrfamilienhaus, Baujahr: ca. 1972, 59 Einheiten, Wohnfläche: 3651m², Keller/vollunterkellert, Garage vorhanden, mäßiger bis mangelhafter Zustand, teilweise nicht bewohnbar, zum Zeitpunkt der Wertermittlung waren 22 Wohnungen leerstehend

Property Description:
A) A building complex that includes both residential and commercial spaces, consisting of seven apartments and a beverage store. The building is one to two stories high, has a basement with a usable area of 367 m², and a flat roof. The apartment sizes range from 76 to 208 m², with a total living area of 808 m² and a usable area of 404 m². It was built in 1937 and expanded in 1960. A comprehensive renovation of the apartments with upscale finishes was carried out from 2012 to 2016.
B) This residential building consists of four units and is two stories high with a basement. It features a winter garden and two garages. The building was constructed in 1890 and partially renovated between 1965 and 1997.
A) The apartments are rented out and partially accessible without barriers. The beverage store is leased. Heating is provided by a gas central heating system from Viessmann, type Vitocrossal CM3. The units do not have separate electricity meters, but are supplied with electricity through a transformer in the building. Electricity costs are billed along with the rent. For a 146 m² apartment with a garden, a special agreement regarding rent costs was made due to self-contributed work, excluding rent increases until 2042. The plot is listed in the contaminated site register as the former location of a gas station, which may lead to complications during ground work for independent development.
B) Heating was previously provided by a Gas central heating system from Buderus, type G215 (no longer in operation). The residential building is in need of significant renovation since it has been uninhabited for years since 2018. There is an infestation of dry rot in the roof structure and the top floor ceiling. The electricity supply is connected to property A), but is not privately or legally secured.
Please contact us for further inquiries by phone, Monday - Friday from 08:00 - 20:00, Saturdays/Sundays 10:00 – 18:00 at the phone number mentioned in this listing.
This property is being auctioned at the local district court.
Appraised value: 1,700,000.00 EUR.
Potentially secure up to 30% discount on the appraised value and pay only 1,190,000.00 EUR for the above-mentioned property. Notary fees and agency commission are also waived.
This is just one of the many interesting properties we showcase in our affordable monthly REAL ESTATE AUCTION CATALOG. Secure these details now to acquire your desired property at a reasonable price. 
Catalog information: Phone number provided in the listing.

Property Description:
Multi-family house, built around 1972, consisting of 59 units with a total living space of 3651m². The property is fully basemented with a garage available. The overall condition of the building is moderate to poor, with some units being uninhabitable. At the time of valuation, 22 apartments were vacant.

Thoughts on Price:
Considering the relatively large size of the property and the number of units it offers, the asking price of €3.265.000 may seem reasonable. However, the fact that a significant portion of the units are in poor condition and vacant could potentially impact the property's overall value. It is important for potential buyers to carefully assess the costs of renovation and potential rental income when considering this investment.

House for sale in Burscheid, Germany

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