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 commercial spaces 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 leased, except for one apartment. Heating is provided by a gas central heating system installed in 1996, and hot water is generated by instant water heaters. The condition of the property is significantly neglected, with a considerable backlog of maintenance. Due to this, viewing opportunities have been limited. Price Thoughts The property is being auctioned by the local court with a listed market value of 70,333.00 EUR. However, there is a possibility to secure a 30% discount on the market value, bringing the price down to 49,233.10 EUR. Additionally, there are no notary fees or agency commissions involved in the purchase. This property presents a unique opportunity for investors or buyers looking to acquire a substantial property at a discounted price. Take advantage of this chance to own a part of Duisburg's real estate market at a bargain price.