House for sale in Koln, Germany

Property Description: Detached multi-family house with three separate apartments, two stories, with a basement and converted attic. The living area varies between 58 and 91 sqm, totaling 240 sqm of living space. Additionally, the house features a loggia, a patio, and a garage. Year of construction: 1968. Heating and hot water supply are currently provided by a non-functioning oil central heating system from Buderus. The building was originally constructed as a two-family house according to permit, but is now being used as a three-family house due to the subsequent conversion of the attic. There is no building permit for the attic conversion. There are general backlogs in the maintenance and modernization of the building, including structural defects and damages. A viewing could only be conducted in the basement, attic, stairwell, and outdoor areas. Price Thoughts: The property is being auctioned at the competent district court with a market value of 810,000.00 EUR. There is a possibility to secure a 30% discount on the market value, bringing the price down to 567,000.00 EUR. Notary fees and agency commissions are also waived. This property offers the potential for a discounted acquisition and is one of many interesting properties featured in our monthly affordable REAL ESTATE AUCTION CATALOG. Contact us now for more information on how to acquire your desired property at a discounted price.