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47119 Duisburg - Nordrhein-Westfalen
Property Description This well-maintained 6-family house in Duisburg-Ruhrort, built in 1970, stands out for its excellent and quiet location with direct proximity to the Vinckekanal and the Rhine. It has been mostly modernized with new windows and received rear and side insulation between 2008 and 2010. All apartments have balconies, are in good condition, and are currently rented out. On the right side of the house, on the first and second floors, you will find a 56m² 2-room apartment with a kitchen, bathroom, bedroom, living room, and balcony each. On the second floor, there is a 46m² 1-room apartment with a kitchen, bathroom, and combined living-bedroom with a balcony. On the left side of the house, you will find the larger apartments. On the ground floor and first floor, there are 71m² 3-room apartments with a kitchen, bathroom, 2 bedrooms, and a living room with a balcony each. On the second floor, there is the largest apartment in the house with a total of 84m² and 3.5 rooms. In addition to the kitchen and bathroom, there is a bedroom, an expanded living-dining room, and an office (or another bedroom). In the attic, there are currently two unused hobby and storage rooms with a toilet, which could potentially be converted into another apartment. In the basement, there are tenant storage rooms of varying size, a laundry room, a drying room, the old oil tank room, and the heating room, which houses the currently rented gas heating system. At the back of the property, there are a total of 5 garages, two with a gate towards the street front and three with a gate towards the well-maintained inner courtyard. Thoughts on Price The asking price of 575.000€ seems reasonable considering the size of the property, its well-maintained condition, and the potential rental income from the already tenanted apartments. The convenient location near the Vinckekanal and the Rhine, as well as the modernizations and updates done to the property, add value to the investment. Additionally, the possibility of converting the attic into another apartment provides further potential for income generation. Overall, this property offers a good investment opportunity at this price point.
47119 Duisburg - Nordrhein-Westfalen