"No commission: Multi-family house with 5 apartments and approximately 467 square meters of living space."

PRICE ADJUSTMENT:
The quoted price has been adjusted again and already takes into account the remaining work to be done on the property, particularly in the areas of the facade, the flat roof, the former terrace, and the landscaping of the exterior and garden. These aspects have already been factored into the current pricing. The new quoted price is €399,500, negotiable. For sale is a multi-family building with 5 residential units in Stolberg-Schevenhütte, with no commission fees. The building, originally constructed in 1977, has approximately 466.66 square meters of living space on a plot of approximately 1,113 square meters. The change of use to a multi-family building with five units has been approved by the building authorities. Detailed plans and area calculations are available for each apartment. The property is currently rented and generates annual income of approximately €30,700. This includes the net cold rent of the apartments, the garage rent, and the feed-in tariff from the existing photovoltaic system. The property includes a total of 5 parking spaces, including 1 garage space and 4 outdoor spaces. Each apartment has its own designated storage space. In recent years, numerous modernization efforts have been undertaken, including the replacement of the gas-fired condensing boiler in 2019, as well as extensive work on the electrical and metering systems. Further work is planned to continue until 2025. Due to its size, the five approved residential units, and the generous plot of land, the property offers interesting opportunities for investors. The property is explicitly offered as requiring renovation. Various completion and maintenance work remain to be done, particularly in certain areas of the facade/brickwork, on the extension, and in the outdoor areas. Additionally, there is a localized dampness issue in one apartment in the lower section of the building, related to the terrace/drainage area above. The property is being sold privately and without commission.

The multi-family building is located in Stolberg-Schevenhütte, in a residential area close to nature, on the edge of the Eifel region.

The surrounding area is characterized by plenty of greenery and offers a high quality of life and recreational opportunities. At the same time, essential amenities are easily accessible in the immediate vicinity.

A kindergarten, elementary school, shops, medical services, and a pharmacy are located nearby. There is also access to public transportation.

The location is particularly suitable for tenants and homeowners who prefer quiet, nature-oriented living, while also wanting to benefit from the proximity to Stolberg and the surrounding region.