House for sale in Wuppertal, Germany

As a buyer, this property presents both a promising investment opportunity and an attractive lifestyle purchase. The property is a 3-unit, 2-3 story building with a total living space of 75-180 m²., which is adjacent to an unpaved driveway or privately-owned path. The asking price is 298,000€, and it has an estimated market value (Verkehrswert) of 298,000,00 €. The property's features include: * 3 units: 2 of them can be accessed via ground or upstairs, while the third one is located on the ground floor. * 2-3 stories: The couch can be found on the ground floor, while the 2nd and 3rd floors are accessible via an internal staircase. * 75-180 m² of living space: The floor plan is organized as follows: + the ground floor: Flat, kitchen, living/dining room, bathroom, and one bedroom. + the first floor: Flat, bedrooms, bathroom, and a furnished room with patio access. + the second floor: Flat, bedrooms, bathroom, and a large bedroom (180 m²) with balcony access. * Heating and hot water are provided through an oil-fired boiler. * Rental income potential: Assuming a 3% yield, the property could generate an annual income of €8,940. * Rooms for rent: With the current configuration, you could rent out the units and generate additional revenue to help cover expenses or gain full rental income. * Low maintenance: As a multiply-family home, it is likely to have a low maintenance cost, allowing you to save money in the long run. The property has some drawbacks, however, including: * Significant damage to the property: You'll need to invest in extensive renovations due to extensive moisture damage, mold, and significant structural defects in the shared property ownership. * Wild growth on the land: Due to the heavy wildgrowth that covers the land, a thorough inspection of the property's facade isn't possible. Given these factors, the property could be a good investment for someone looking for a pre-renovation buys or someone who is looking for a challenging renewal project with potential rental income. You might want to hire a local real estate expert for on-site inspections and to evaluate the extent of repairs and costs needed to restore the property to a habitable condition.