House for sale in Bad Honnef, Germany

Property Description: This detached two-story multi-family house with five apartments offers a total of 281 m² of living space, with apartment sizes ranging from 36 m² to 75 m². It features a converted attic, basement, balconies, garden area, and three garages. The building dates back to the 1960s. Heating is provided by an oil hot water central heating system, while hot water is obtained through a continuous flow heater. There are structural defects and building damages, including plaster and paint damages, partially leaky window systems, painting work required for repairs in the apartments, inadequate height of the threshold in the door connection of the window door system on the balconies according to regulations, balcony railings with possibly asbestos-containing cement-bonded fiber boards, partially roller shutter closures on the ground floor with paint damages, and increased moisture in walls and floors in the basement. Price Thoughts: The property is listed for sale at a price of 660.000€. Despite the mentioned structural issues, buyers may be able to secure a 30% discount on the market value, bringing the price down to 462.000€. Furthermore, additional benefits include no notary fees or commission costs. This property presents a potential investment opportunity for those looking to acquire a unique property at a reduced price.