House for sale in Frankenstein, Germany

Property description: Multi-family house with three residential units, spread over two floors with a partial basement and an attic. The total living space is 378.64 m². Additionally, there is an open shed on the property. The building dates back to 1920 and comes with a forest plot. The layout is as follows: On the ground floor, there is a hallway, a bathroom/ WC, three storage rooms, three and a half rooms, and a kitchen totaling 108.69 m². On the upper floor, there is a hallway, a guest WC, four rooms, a kitchen, two bathrooms totaling 135.96 m². In the converted attic, there is a hallway, a storage room, three rooms, a kitchen, a bathroom/ WC, and a balcony totaling 133.99 m². The property is heated and supplied with hot water through a gas central heating system. The building is in a neglected condition, with significant water damage and defective entrance doors. Thoughts on price: The property is being auctioned at the local district court with a market value of 118,273.00 EUR. There is a possibility to secure a 30% discount on the market value, reducing the purchase price to 82,791.10 EUR. Notary fees and agent commissions are also waived. This property presents an opportunity for investment at a discounted price. Contact us for more information on this and other interesting properties featured in our monthly auction catalog.