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 usable 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 occupied, except for one apartment. The heating is provided by a gas central heating system installed in 1996, with hot water produced by water heaters. The condition of the property is heavily neglected, with a significant backlog in maintenance. As a result, viewing opportunities have been limited. Price thoughts: The property is being auctioned off by the local district court with an appraised value of 70,333 EUR. There is potential to secure a 30% discount on the appraised value, resulting in a purchase price of only 49,233.10 EUR. Additionally, notary fees and broker commissions are waived. This property presents a unique investment opportunity for those looking to acquire real estate at a discounted price. Contact us for more information and to explore the potential of purchasing this property at a significant discount.