House for sale in Stuttgart, Germany

Property Description: A two-story multi-family house with 3 apartments and a basement, with the attic converted, totaling 264 square meters of living space. The house features a covered garden seating area with a pergola and a double garage. It was built in 1951/52. The layout is as follows: The basement includes a hallway, cellar rooms, laundry room, ironing room, boiler room, and oil tank room. The ground floor comprises a hallway, a guest toilet, 4 rooms, bathroom/toilet, kitchen, garden terrace (94 sqm). The upper floor has a hallway, a guest toilet, 4 rooms, bathroom/toilet, kitchen, balcony (93 sqm). The attic offers a hallway, a guest toilet, 4 rooms, bathroom/toilet, kitchen (77 sqm). The heating and hot water supply are provided by an oil central heating system. Only parts of the building on the upper floor have been inspected, and it has been observed that there are areas in need of renovation and modernization measures are required. Price Thoughts: The asking price of 1.420.000€ for this property may appear high at first glance. However, considering the size of the property, the potential rental income from multiple units, and the desirable location in Stuttgart, this could be a worthwhile investment. Additionally, with the possibility of a 30% discount on the appraised value, the property could be acquired for a more reasonable price of 994.000€. It is important to factor in the cost of renovations and upgrades when considering the overall value of the property. This property has great potential for those looking to invest in a multi-unit dwelling in a sought-after area.