House for sale in Lunen, Germany

Property description: This two-story multi-family house with three residential units is located at 44532 Lünen. The total living space is 224.83 m², with individual apartments ranging from 45-108 m². Additionally, there is a prefabricated garage built in 1992. The main building dates back to around 1900, with modernizations carried out in the last 15 years. Due to significant structural issues, such as unauthorized modifications and subsidence caused by mountain damage, there are substantial building defects and damages, particularly in the staircase and basement. The exterior grounds are in inadequate condition. Price thoughts: Considering the significant building defects and damages mentioned in the description, the listing price of 269,000€ seems high. However, with the potential for a 30% discount on the market value, bringing the price down to 188,300€, this property could be a good investment opportunity for someone willing to address the structural issues and bring the property up to standard. Keep in mind that there are no additional costs for notary fees and agent commission, making it a potentially attractive option for buyers looking for a project with potential for improvement.