House for sale in Augsburg, Germany

This property description is for a detached four-unit house with four single-story homes, built without a basement, featuring a finished attic. The living space ranges from 26 to 76 m², with a total of 350 m², including balconies and two double garages. The house was constructed in 1946, expanded in 1980, and the garages were added in 1972. Unfortunately, the interior could not be inspected, so the condition of the property is unknown. According to the real estate agent, the property is being auctioned off by the local district court, with a starting bid of 1.092.500 € (1,605,132 USD). Although they note that you may be able to secure a 30% discount on the winning bid, taking into account the savings, the estimated price is 764.750 € (1,069,623 USD). This includes notary fees and broker commissions. The property is part of a monthly newsletter featuring affordable real estate listings. Investment-wise, the property is located near the city center of Augsburg, which is well-connected to local transportation networks. The city's economic center, transit stations, and employment hubs are within a short commute, making it an attractive location for both buyers and renters. The region also has a wide range of recreational activities and nearby schooling options, facilitating a desirable lifestyle. For those looking at real estate investment, this property offers potential rental income or the option to live in one unit while renting out others. It is also possible to renovate and increase property value in the long run. As a lifestyle purchase, it provides a convenient, detached living situation in a well-connected region.