House for sale in Kornwestheim, Germany

Property Description This property is a residential and commercial building with a rear building, consisting of 6 apartments, commercial units, spread across 3- and 2-storey buildings with basement or partial basement. The total living and usable area is 425 square meters and 220 square meters. In addition, there is a garage and 2 parking spaces for cars. The building was built around 1935 and modernized in 1980 (windows) and 2006 (roof covering). In 2015, a gas heating system was installed to heat the apartments on the second floor and in the attic of the main building. However, the apartments in the rear building were equipped with electric storage heaters from 1980. Hot water supply is provided by a boiler, a instant water heater, or centrally. Thoughts on Price: The asking price of 1.100.000€ is reflective of the size and features of the property, as well as its historical value dating back to the 1930s. With the possibility of securing a 30% discount on the appraised value and potentially paying only 770.000€ for the property, this presents a great opportunity for potential buyers to acquire a property with a mix of residential and commercial units at a discounted rate. Additionally, the fact that notary fees and agency commissions are waived adds further value to this investment opportunity. This property offers great potential for both residential and commercial use, making it a valuable asset for any investor.