House for sale in Duisburg, Germany

Property Description This property is a residential and commercial building located at the corner (with apartments and 3 retail spaces), with 2 separate entrances. The building is 3 stories high, with a basement and an attic. The total living and usable area is 416 m². It was built in 1888. The heating is provided through district heating. A limited viewing was possible. It was difficult to determine the exact number of apartments and it is unclear if units in the upper floors were created through the combination of building parts. The property appears neglected overall, with significant repair backlog. For further questions, please contact us by phone, Monday - Friday from 08:00 - 20:00, Saturdays/Sundays 10:00 - 18:00 at the phone number 0221-97459790. This property is being auctioned by the local district court. Market value: €320,000.00. You may secure a 30% discount on the market value and pay only €224,000.00 for the above mentioned property. Notary fees and agent commission are waived. This is one of many interesting properties we publish in our affordable real estate auction catalog. Obtain this information now to acquire your dream property at a lower price. Catalog information: Phone number 0221-97459790. Thoughts on Price: Given the neglected condition of the property and the significant repair backlog, the asking price of €320,000 seems quite high. However, with the potential for a 30% discount bringing the price down to €224,000, this property could present a good investment opportunity for those willing to invest in the necessary renovations. Buyers should carefully consider the costs involved in restoring the property to a habitable condition before making a decision.