House for sale in Krefeld, Germany

Property Description This property is a two-story residential and commercial building with three apartments and one office unit. It is partially basemented and has a converted attic. The living area varies between 66 and 170 square meters, totaling 316 square meters. Additionally, there is a usable area of 31 square meters in the basement and the entrance area. The building was constructed around the year 1900. It appears that the building has been vacant for about two years. It is heated by a gas central heating system, and hot water is supplied via a tankless water heater. There is a clear need for renovation work. Price Thoughts The property is currently being auctioned by the local court with a market value of 415,000.00 EUR. There is a possibility of obtaining a 30% discount on the market value, reducing the price to 290,500.00 EUR. Additionally, there are no notary fees or agent commissions involved in the purchase. This property offers a great opportunity for buyers looking to invest in a property with potential for improvement.