House for sale in Detmold, Germany

Property description This two-story multi-family house with 5 apartments, located in Detmold, offers a total living space of 348.67 square meters. Each apartment varies in size from 49 to 108 square meters, providing ample space for comfortable living. The building features balconies and a rooftop terrace, as well as 5 parking spaces. Built in 2016, the property is equipped with underfloor heating powered by district heating. Currently, all units are fully rented out, providing a stable source of income for the new owner. The property will be auctioned at the local district court with a market value of 900.000€. However, there is a possibility to secure a 30% discount on the market value, making the final purchase price only 630.000€. Additionally, there are no notary fees or broker commissions involved in the transaction. This property is just one of the many exciting opportunities featured in our monthly real estate auction catalog. Don't miss out on the chance to acquire your dream property at an affordable price. Contact us for more information and to secure your copy of the catalog. Price thoughts Considering the size of the property, the number of units, and the rental income potential, the listing price of 900.000€ seems reasonable. However, with the possibility of obtaining a 30% discount through the auction, the final purchase price of 630.000€ presents a great investment opportunity. The property's location in Detmold, with its amenities and attractions, adds to its appeal and potential for future appreciation in value. Overall, this property offers a solid investment option for buyers looking to expand their real estate portfolio.