House for sale in Krefeld, Germany

Property description: Multi-family house, likely consisting of seven apartments, three stories high, with a living area of 195.78 square meters, as well as a two-story wing extension from around 1962. It was not possible to inspect the interior of the building. There is no building file for the residential building, therefore there is no clarity on the approval/use situation. The condition of the residential building seems to be, at best, average. Thoughts on price: The property is being auctioned at the competent district court with a market value of 107,000.00 EUR. There is a possibility to secure a 30% discount on the market value, making the price for the above-mentioned property only 74,900.00 EUR. Additionally, notary costs and agency fees are waived. This property presents an opportunity to potentially acquire it at a lower price than the market value.