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41236 Mönchengladbach
Property Description: - Three-story multi-family house with three apartments, originally built in 1930 as a single-family home - No basement, but includes a basement garage - Total of 148.65 m² of living space - Layout: Basement includes a laundry room/heating room, cellar rooms, and a garage. Ground floor features a hallway, two rooms, a kitchen, a bathroom/toilet, and a terrace. The first floor includes a hallway, two rooms, a kitchen, a bathroom/toilet, and a balcony. The top floor has a hallway, two rooms, a kitchen, and a bathroom/toilet. - The building is heated with a gas central heating system, with gas instantaneous water heaters, electric instantaneous water heaters, or electric undersink units for hot water. - Both the residential building and the property are in neglected condition, with no recent modernizations. Significant maintenance issues have been identified. Thoughts on Price: The property is listed for sale at a price of 182,000 EUR, but it is being auctioned by the local district court. It is possible to secure a 30% discount on the appraised value, potentially reducing the price to 127,400 EUR. This discounted price, along with the elimination of notary fees and agent commissions, presents a potentially attractive opportunity for buyers looking to purchase a property at a reduced cost. However, it is important to consider the neglected state of the building and the need for maintenance and modernization when evaluating the overall value of this property.
41236 Mönchengladbach