House for sale in Vlotho, Germany

Property Description: A detached multi-family house with 11 apartments located on a hillside, spread across three floors and partially basement. The living spaces range from 38 to 90 m², totaling 761 m². In addition, the building has balconies, 8 garages, and 4 outdoor parking spaces. It was built in 1973. The heating is done through a gas floor heating system from Vaillant. Some balcony floor coverings need to be replaced, and there are color peelings on the balcony ceilings. There is a moisture damage in the bathroom ventilation system of the apartment on the middle 2nd floor. Light cracks are visible on the façade. The depreciation due to the damages has been taken into account. Price Thoughts: The listed price for this property is 667,000 euros. However, there is an opportunity to secure a 30% discount on the market value, bringing the price down to 466,900 euros. Additionally, there are no notary fees or agent commission to be paid. This property has potential for renovation and improvement, offering a great opportunity for investment at a reduced price. Contact us for more information on how to acquire this property through the auction process.