House for sale in Duisburg, Germany

From a buyer's perspective, this property is a two-story, semi-detached house with three 3-room apartments, which have a total living area of 213 m². The house has been divided into four units: two two-bedroom apartments and two one-bedroom apartments. All units are accessed through an external staircase leading to the first floor. The price of the property is set at 112,000 EUR, and based on the information provided, it appears to be priced relatively low as the property market in Duisburg may be experiencing a buyer's market. The renovation requirements of the property are significant. The two units on the upper floor and the attic are not habitable at the moment and would require extensive renovations to be made habitable again. The heating system consists of Kohleofens and Elektro-Einzelöfen, and the hot water is provided by a gas-fired boiler, which may need to be upgraded to meet modern standards. The rental potential of the property could be challenging to realize in its current condition. However, once the necessary renovations are completed, the property should have good rental potential due to its location and potential demand for rental properties in the area. The property is situated in Duisburg, which is well-connected and has good access to public transportation. Considering the potential for this property after renovations, a purchase like this could be a good investment for the long-term. However, careful consideration should be given to the potential costs and timeframe for renovations and the development of the local property market. It is recommended that the potential buyer conduct their due diligence, including a thorough property inspection by a professional, to better understand the costs and timeline for the renovations and to assess the long-term potential of the investment.