House for sale in Monchengladbach, Germany

Property Description: This three-story multi-family house with three apartments was originally built in 1930 as a single-family home. It does not have a basement, but it includes a total of 148.65 m² of living space and a basement garage. The layout includes a laundry room/heating room, cellar rooms, and a garage on the lower floor. The ground floor features a hallway, two rooms, a kitchen, a bathroom/ toilet, and a terrace with 54.10 m². The upper floor consists of a hallway, two rooms, a kitchen, a bathroom/toilet, and a balcony with 53.70 m². The attic has a hallway, two rooms, a kitchen, and a bathroom/toilet with 40.85 m² of floor area. The building is heated by a gas central heating system, and there are gas instantaneous water heaters, electric instantaneous water heaters, or electric under-counter units for hot water. Both the residential building and the property are in a neglected condition, with no modernizations having been carried out for quite some time. Significant maintenance deficiencies have been identified. Thoughts on Price: The property is being auctioned by the competent local court with a market value of 182,000.00 EUR. However, there is a possibility to secure a 30% discount on the market value, resulting in a purchase price of only 127,400.00 EUR for the property. Additionally, notary costs and commission fees are waived. This property presents a unique opportunity for potential buyers looking to acquire a property at a reduced price and invest in renovations and improvements to restore its value.