House for sale in Hagen, Germany

Property Description: This property is a four-family house consisting of four two-bedroom apartments and one studio apartment. The house is four stories high, has a basement, and a total living area of 237.17 sqm. The apartments range in size from 30-52 sqm and the building was constructed in 1914, with a reconstruction in 1948. A viewing of the interior was not possible, but it appears that extensive modernization, maintenance, and renovation are needed. The garden at the back of the property is overgrown. The property is situated above a former mine site that has since been closed. There are no mining activities documented, so there should be no mining-related impacts. Thoughts on Price: The property is being auctioned at a market value of 78,000.00 EUR, with a possibility of securing a 30% discount, reducing the price to 54,600.00 EUR. This discount, along with waived notary fees and agent commission, presents an opportunity for a potentially lucrative investment. The property may require significant investment in renovation and maintenance, but with the right vision and resources, it could be a valuable asset. Consider exploring this property further as it presents an interesting opportunity in the current real estate market.