House for sale in Borsdorf, Germany

Property Description This is a detached multi-family house with three separate apartments. The house consists of two floors and is partially basemented, with an additional converted attic. The total living area is 213 sqm, with a living area per apartment ranging from 52-81 sqm. The property includes a double garage, a carport extension, and a shed. The building was constructed around the year 1900 and renovated in 1995, including the attic conversion. Additionally, a carport was added in 2013. There is some repair required as the former gas heating system is no longer in operation. Currently, heating is done with convection heaters, while hot water is provided by an electric boiler. There is also a leased photovoltaic system on the roof. The building is located in the flood zone of the Parthe river. According to the zoning plan "Wolfshainer Straße," a plot area of 49 sqm is publicly dedicated as a pedestrian and bicycle path. A valuation report can be downloaded from www.zvsachsen.de. Price Thoughts The property is being auctioned at the local court with a market value of €237,000. However, there is potential to secure a 30% discount on the market value, bringing the price down to €165,900. Additionally, there are no notary fees or agent fees involved in the purchase. This property presents a unique opportunity for buyers looking for a cost-effective investment.