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51399 Burscheid
This property is a residential complex consisting of three multi-family buildings with a total of 59 apartments (1- to 4-bedrooms), 9 stories high, with basements, a total living area of 3,651 sqm, 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 complex is heated and supplied with hot water by gas central heating. Various renovation measures are required, as the property is in a moderate to poor condition with a significant need for repairs. Due to these issues, some units are currently uninhabitable or unrentable, while 22 apartments remain vacant. This property is being auctioned at the competent district court with a market value of 3,265,000.00 EUR. It is possible to secure a 30% discount on the market value, allowing you to purchase the above-mentioned property for only 2,285,500.00 EUR. Additionally, notary fees and agency commissions are waived. It is important to note that this property is one of many interesting real estate opportunities featured in our monthly cost-effective REAL ESTATE AUCTION CATALOG. Contact us for more information and secure this property at a great price. Contact information: Phone number 0221-97459790.
51399 Burscheid