House for sale in Duisburg, Germany

Property Description: A two-story, basement apartment building with five units, attached on both sides. The attic is partially developed, with living spaces ranging from 49 to 53 square meters for the 5 apartments. The total living area of the house is 248.7 square meters and it was built around the year 1930. The building is heated by district heating. Although some renovation work has been done on the existing building, there are still basic finishing conditions and some parts of the building are showing signs of aging, so the apartments only meet basic requirements. These basic finishing conditions were taken into account in the valuation, while existing flaws and damages were additionally devalued through a standardized deduction. Price Thoughts: The property is listed at a price of 147.000€Kaufpreis. Considering the potential for a 30% discount on the appraisal value, buyers have the opportunity to acquire this property for a reduced price of 102.900€. Additionally, the property is being sold at a court auction, which may provide buyers with further cost-saving opportunities. Overall, this property presents as a potential investment opportunity for those looking to acquire a property with potential for renovation and improvement.