House for sale in Saalfeld, Germany

Based on the description provided, this property is a three-story, four-unit apartment building with a basement and garage, built in 1937. Some units are currently rented, and the property is listed for auction through a court-ordered sale. The asking price is €190,000, but potential buyers may be able to negotiate a 30% discount, bringing the cost to €133,000. This price includes savings on notary fees and real estate agent commissions. For a real estate investment perspective, this property may present a good opportunity due to its competitive pricing and multiple income streams from rented units. However, potential investors should conduct thorough due diligence, including checking the property's legal status, assessing the rental market, and considering any potential renovation or maintenance costs. As a lifestyle purchase, the property may be an excellent option for someone looking for a multi-family home with a chance to create their own living space while generating income from rental units. The property's location in Saalfeld, a small town in Thuringia, Germany, might provide a quiet and peaceful living environment. However, it may not be ideal for those seeking a central urban location or resort-style amenities.