House for sale in Wuppertal, Germany

Property description In the four-story apartment building with basement and converted attic, there are a total of ten 1- and 2-room apartments. The living spaces range from 35 to 60 m², totaling 499 m². Each apartment also has a balcony, and there are also cellar rooms. The exact year of construction is not known, but it is estimated to be around 1970. The individual market values of the apartments range from 39,000 EUR to 76,000 EUR. Heating is provided by a gas combi boiler, with electrical wiring in outdated and simple condition. Thoughts on price: The property is being auctioned by the local court at a market value of 594,000 EUR. There is a potential discount of 30% on the market value, making the final price for the property 415,800 EUR. Additionally, there are no notary fees or agency commissions involved. This property presents a unique opportunity to acquire a well-sized apartment building at a discounted price, especially for investors looking to add to their property portfolio.