House for sale in Stuttgart, Germany

Property Description: This multi-family house with three apartments and commercial spaces is spread over three floors, partially basement, with a total of 252 square meters of living space and 50 square meters of usable space. The building features two balconies and a garden and was built in 1946, with an expansion in 1976. The layout is as follows: on the ground floor, there is a hallway, a bathroom with a toilet, three rooms, a separate toilet, and a kitchen; on the first floor, there is a hallway, a bathroom with a toilet, three rooms, a separate toilet, and a kitchen; on the second floor, there is a hallway, two rooms, a toilet, a kitchen, and a balcony. Heating is provided by an electric night storage heating system with partial electric underfloor heating on the ground floor. Hot water is supplied by an electric boiler. The property is in need of renovation, especially on the facade, in the stairwell, the commercial spaces including the windows. There is also some general maintenance backlog. Price Thoughts: The property is being auctioned by the local court with a market value of 1,002,000.00 EUR. There is a possibility to secure a 30% discount on the market value, resulting in a purchase price of only 701,400.00 EUR. Furthermore, notary fees and agency commissions are waived. This property presents a unique opportunity for potential buyers to acquire a property at a discounted price and take advantage of the renovation potential. Contact us for further inquiries and explore other available properties in our monthly real estate auction catalog.