other for sale in Remscheid - Nordrhein-Westfalen, Germany

Property Description: This 3-story Fachwerk-style property, originally built in 1900, offers a mix of residential and commercial spaces. It is situated on a 580 m² lot and features a total of 331 m² of living space. The property comprises seven residential units, ranging from 41 to 64 m², as well as a 132 m² medical practice in the ground floor. There are also storage facilities totalling 100 m² in the basement. The property includes five car garages and space for two additional vehicles. The current plan allows for the potential expansion of living space, and the roof and facade are annually inspected and maintained by a professional roofer. As a lifestyle purchase, this property offers the benefit of a well-maintained, historical building in a prime location of Remscheid, North Rhine-Westphalia. The proximity of the property to local amenities and the mix of residential and commercial units make it an attractive investment. For real estate investment, the property's current square footage, along with the potential for expansion, offer good investment potential. The annual roof and facade maintenance helps to reduce potential repair costs and the property is nicely situated in Remscheid town center which should have good rental demand. The estimated price of 539,000€ may be attractive to some investors, given the property's features and its potential for both lifestyle and investment. However, prospective buyers should consider carrying out a thorough due diligence process prior to making a final investment decision, to assess the true long-term potential of the property.