House for sale in Pfinztal, Germany

As a potential buyer, this property offers a unique opportunity to acquire a multi-family house with 8 residential units in Pfinztal, Germany. The house has a total living area of 400 m² and was built in 1900. It has been divided into 8 individual dwellings, each ranging from 30-94 m². With its partial basement, 2-4 bedrooms, and 1-2 bathrooms per unit, the property has the potential for a steady income stream as a rental investment. However, it's important to note that the property needs some renovation and maintenance, which could be a significant investment. The asking price is €415,000, but with a potential 30% discount, you could purchase the property for €290,500, which includes notary fees and broker commission. As a lifestyle purchase, living in one of the units or renting it out could provide a comfortable living space with room for expansion. However, the additional units could also offer the opportunity for a second income or a space for family members. The property is located in Pfinztal, which has a population of around 37,000 and is surrounded by picturesque countryside, providing a peaceful and serene environment. In terms of pure investment potential, the property might require good financial management and some investment capital for renovation works. However, with a well-maintained and modernized property, you could potentially increase your income through renting out the units or increasing its market value for future sale. Since this is a court auction property, it's crucial to conduct comprehensive due diligence and consult with a trusted real estate professional before making any decisions. This will help you understand the extent of renovation requirements, potential costs, and long-term prospects for a return on investment.