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Apartment for sale in Duisburg, Germany
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Apartment for sale in Duisburg, Germany

371 000€

47169 Duisburg

Investment Breakdown

Gross Yield:

5.2%

Time to pay off with rent:

3637.3 years

Price Difference:

-15%

Expected Rent:

9€/month

Property description

This property comprises three multi-family houses containing a total of 20 apartments. The buildings are each three stories high, featuring basements and a converted attic. The living spaces range from 41 to 66 square meters, with a total living area of 1,191 square meters. Originally constructed in 1898, the buildings were rebuilt in 1953. Additionally, there is an outbuilding situated in the courtyard area. The properties are viewed economically as a single unit. According to building plans, some rooms on the ground floor have been combined, enhancing potential versatility. At the time of property evaluation, the houses were vacant and displayed signs of neglect on the exterior. The city of Duisburg had closed the buildings due to their condition as part of the Task Force for problem properties. It is assumed that significant maintenance backlogs exist internally, possibly including issues related to fire safety regulations. This property offers a unique investment opportunity with the potential for substantial renovations and improvements, positioned in a context that supports future appreciation.

Location

47169 Duisburg

Date added: 11.12.2024

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