House for sale in Karlsruhe, Germany

Property Description: This residential and commercial building consists of 10 apartments and 2 commercial units spread across three floors with a basement. The living spaces range from 32.67 to 81.61 m², totaling 581.2 m² of living space and a usable area of 62/135 m². Additionally, there are balconies and a garage building with 6 garages. The building dates back to 1971/72. Heating and hot water supply are provided by an oil central heating system installed in 2008. The building is in a condition that partly corresponds to its construction year and has been partially modernized. The overall maintenance condition is average, with some areas identified for repair or restoration work in line with the building's age and average state. Price Thoughts: The listed price for this property is 2.260.000 EUR, however, it is being auctioned by the local district court. There is an opportunity to potentially secure a 30% discount on the market value, reducing the price to only 1.582.000 EUR. Notary costs and agency fees are also waived, making this a potentially attractive investment. This property presents a unique opportunity for buyers looking to acquire a substantial real estate asset at a discounted rate. Contact us for more information and to explore this and other similar properties featured in our monthly real estate auction catalogue.