House for sale in Karlsruhe, Germany

Property Description: This residential and commercial building in Karlsruhe offers a total of 10 apartments and 2 commercial units spread over three floors with a basement. The living areas range from 32.67 to 81.61 square meters, totaling 581.2 square meters of living space and a usable area of 62/135 square meters. Additionally, there are balconies and a garage building with 6 garages. The building dates back to 1971/72. Heating and hot water supply are provided by an oil central heating system (built in 2008). The building is in a condition that partly corresponds to its construction year and has been partially modernized. Overall, the maintenance condition is average. There are some areas identified where repair or renovation work is needed, in line with the construction year and the average condition. Price Thoughts: The asking price for this property is 2.260.000€. However, there is an opportunity to potentially secure a 30% discount on the market value, bringing the price down to 1.582.000€. This makes it an attractive investment opportunity for those looking to acquire a property at a reduced cost. Additionally, the property is being auctioned by the competent local court, providing a unique chance to purchase this property below market value. Overall, this property presents a compelling opportunity for investors or individuals looking to own a mix of residential and commercial units in Karlsruhe. With its varied living spaces, garage building, and potential for improvement, it offers versatility and potential for a lucrative return on investment. Contact us for more information or to schedule a viewing.