House for sale in Altenburg, Germany

Property Description A listed building from 1910, consisting of five apartments, a commercial unit, three floors, partially basemented, and with a partially converted attic. The total area is 340 square meters, of which 58 square meters are usable space. The building has been vacant for many years, heated by heaters. There are moisture damages with salt deposits from the basement to the ground floor. The existing blockages are technically outdated. The roof structure is rotting in some areas. Overall, the building is in poor structural and maintenance condition. Price Thoughts The listed property located at 04600 Altenburg is priced at 22,000 euros, which reflects the poor condition of the building. With the potential for a 30% discount on the market value, the property may be acquired for as little as 15,400 euros, making it a potential investment opportunity for those willing to invest in renovation and restoration. Please contact us for further information on this property and other interesting real estate opportunities in our monthly auction catalog.