House for sale in Karlsruhe, Germany

Property Description: This is a multi-family house with commercial space, consisting of 4 residential units and a commercial area, spread over 2 floors with a basement and an attic. The total living and usable space is 219 m² and 150 m², respectively. Additionally, there are 3 garages and 2 parking spots available. The house was built in 1964/65. The floor plans are as follows: * Basement level: Hallway, utility spaces, cellar rooms, laundry room, WC, boiler room, and oil tank room. * Ground floor: Hallway, showroom, kitchenette, WC, office, storage, and bicycle/trash storage area with a total of 150.8 m². On the first floor, there are 5 rooms (including the hallways), bathroom/WC, kitchen, and a side terrace of 51.6 m². There is also a separate bathroom, 4 rooms, bathroom, separate WC, kitchen, and balcony with a total area of 109.7 m² on the first floor. On the attic level, there are 3 rooms, bathroom/WC, kitchenette, and 1 room of 6.4 m², with 2 additional rooms with a total area of 26 m² on the second floor. The heating and hot water supply are provided by a gas-fired central heating system. The building is partly maintained according to its age, with some areas being modernized and in good condition with average to average quality of furnishings. Some areas show age-related and below-average maintenance or repair needs. The house is listed for auction with a market value of 920,000 EUR. You can secure a 30% discount on the market value and pay only 644,000 EUR for this property. This includes notary costs and real estate agent fees. This property is listed in our monthly catalog of properties. Real Estate Investment Perspective: * Property Condition: The building's maintenance and quality of furnishings suggest that it requires some renovation, taking into account the age of the building and certain areas in need of repair or modernization. This property is an investment opportunity with potential for return. * Location: This property is located in Karlsruhe, which is a prominent city in the northwestern part of Baden-Württemberg with a strong economy and lower unemployment rate compared to the national average. This attracts businesses and employment opportunities, which can be beneficial for the property's tenants and future rental income. * Desirability: With its multi-family structure and available commercial space, the property has the potential for income generation through renting out the residential units and the commercial space. It's also located near public transportation and amenities, making it an attractive option for potential tenants. * Valuation: The current market value of the property is 920,000 EUR, and with a 30% discount, you can purchase it for 644,000 EUR. This already takes into account notary costs and real estate agent fees. If the property is in need of renovation, you might be able to negotiate a lower price, considering the potential work required to bring the property up to modern standards. * Return on Investment: By renovating the property and renting out the available units, you have the potential to generate a steady income stream. It's important to research the local rental market, understand the maintenance costs, and factor in any loans or financing you may need to secure. Lifestyle Purchase Perspective: * Living Space: With a total living area of 219 m², this property offers ample space for you and your family. Additionally, with 3 garages and 2 parking spaces, there is plenty of room for storage or vehicles. * Configuration: The multi-family structure with commercial space gives you the option to live in one part of the property while renting out the other units. This could provide rental income to help with mortgage payments or provide additional space for family members or tenants. * Flexibility: Depending on your needs, you can choose to use all residential units, transform some into commercial space, or even use it as a multi-generational living arrangement with your family. * Location: Located in Karlsruhe, this property is close to amenities, public transportation, and offers easy access to the city's attractions. This can provide an additional income source through short-term rentals, such as through home sharing platforms. * Future Development: With an attic and basement, there is potential to create additional living space or convert some areas into recreational rooms, subject to local regulations and building codes. In conclusion, this property presents both investment and lifestyle opportunities. It would require research, planning, and potentially some renovation costs. However,