House for sale in Herne, Germany

Property Description A two-story apartment building with 6 units and a basement, converted attic, with a total living area of 384 sqm. The apartments range in size from 47 to 87 sqm and have terraces and balconies. A garage building with 2 parking spaces and a usable area of 36 sqm is also included. The building was constructed in 1964, while the garage building was built in 1965. The apartment is heated with an oil central heating system and hot water is presumably generated by electrical devices. Unfortunately, interior viewings of the apartments were not possible. Thoughts on Price The property is being auctioned at a traffic value of 260.000€. With the possibility of a 30% discount on the traffic value, the property could be acquired for only 182.000€. Additionally, notary fees and agency commissions are waived. This presents a potentially lucrative investment opportunity to acquire a multi-family property at a discounted price.