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 by district heating. Due to limited access, it was challenging to determine the exact number of apartments and unclear if units on the upper floors were created by combining parts of the building. The property appears neglected overall, with significant deferred maintenance. Price Thoughts: The property is being auctioned by the local district court with a market value of 320.000€. There is an opportunity to secure a 30% discount on the market value, bringing the price down to 224.000€. Additionally, there are no notary fees or brokerage commission. This property could be a good investment opportunity for someone willing to take on the necessary repairs and renovations.