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51399 Burscheid
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Property Description: Multi-family house, built around 1972, consisting of 59 units with a total living space of 3651m². The property is fully basemented with a garage available. The overall condition of the building is moderate to poor, with some units being uninhabitable. At the time of valuation, 22 apartments were vacant. Thoughts on Price: Considering the relatively large size of the property and the number of units it offers, the asking price of €3.265.000 may seem reasonable. However, the fact that a significant portion of the units are in poor condition and vacant could potentially impact the property's overall value. It is important for potential buyers to carefully assess the costs of renovation and potential rental income when considering this investment.
51399 Burscheid