House for sale in Duisburg, Germany

Property Description: This property is a residential and commercial building with seven apartments and two interconnected retail spaces. It consists of three floors, a basement, and a converted attic. The living areas range from 51 to 89 square meters, and the commercial areas range from 40 to 73 square meters, totaling 400 square meters for the apartments and 113 square meters for the retail spaces. The building was constructed around the year 1898. All units are currently leased out, except for one apartment. Heating is provided by a gas central heating system installed in 1996, and hot water is generated by instantaneous water heaters. The condition of the property is significantly neglected, with substantial deferred maintenance. As a result, viewing opportunities have been limited. Please contact us with any further questions by phone, Monday - Friday from 8:00 am - 8:00 pm, and Saturday/Sunday from 10:00 am - 6:00 pm at the phone number 0221-97459790. This property will be auctioned at the competent district court. Market value: 70,333.00 EUR. You may secure up to a 30% discount on the market value and pay only 49,233.10 EUR for the above-mentioned property. Notary fees and agency commissions are also waived. This is one of many interesting properties that we publish in the current, monthly edition of our affordable REAL ESTATE AUCTION CATALOG. Obtain this information now to acquire your desired property at a discounted price. Thoughts on Price: The listed price of 70,333.00 EUR for this property reflects its market value, taking into account its current condition and rental income potential. With the opportunity to secure a 30% discount, the reduced price of 49,233.10 EUR presents a compelling investment opportunity for buyers looking to acquire a property with both residential and commercial spaces. Considering the deferred maintenance and limited viewing options, buyers should carefully assess the potential renovation costs and rental income to determine the overall value of this property.