House for sale in Duisburg, Germany

As a potential buyer, this property description presents a unique opportunity for both real estate investment and a lifestyle purchase. The property, located in Duisburg, has a list price of 35,900€, with a possible discount of 30% bringing the final price to approximately 25,130€. This pricing is competitive and could be an attractive option for those looking to invest in property or simply find a new home. From a real estate investment perspective, several factors make this property interesting. First, the property boasts approximately 400 m² of living and usable space, which could potentially be divided into multiple units. This flexibility allows for creative renovation ideas to generate additional income streams. The current condition of the property, however, needs to be taken into account as it is described as being in an "unbewohnbaren Zustand" (uninhabitable state) and has no "wirtschaftlich nutzbare Restlaufzeit" (economically usable remaining lifetime). This may add additional costs and time to the renovation process. On the other hand, as a lifestyle purchase, this property offers potential for those looking for a unique living space in a historic building. With its history dating back to 1908, it has the potential to offer charm and character. Additionally, the presence of commercial and recreational spaces within the building could provide for a diverse living experience. However, the potential restrictions on using the upper floors could limit its usefulness for certain lifestyles. In conclusion, this property presents a unique opportunity for both real estate investors and lifestyle purchasers. However, the potential challenges and additional costs associated with this property should be carefully considered before making a final decision.