House for sale in Duisburg, Germany

Property Description: This building is a residential and commercial property 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 occupied, 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 severely neglected, with a significant backlog in maintenance. As a result, viewing opportunities have been limited. Price Thoughts: The property is listed for sale at a value of 70,333 EUR, but there is a possibility to secure a 30% discount on the market value, reducing the price to 49,233.10 EUR. Additionally, there are no notary fees or agent commissions to be paid. The property is being auctioned at the local district court, presenting an opportunity for potential buyers to acquire the property at a discounted price. With some renovation and maintenance work, this property has the potential to generate rental income or be utilized for commercial purposes.