House for sale in Duisburg, Germany

Property description: This property is a semi-detached multi-family house with a total of three apartments spread across two floors and an converted attic, including an annex with two smaller apartments. The living space ranges from 25-56 m² per unit, totaling 240 m² of living space. The building also features a garage and a storage building. It was constructed in 1913. Only the attic apartment is currently rented, and neither this apartment nor the basement could be viewed. The structural condition is moderate, with a backlog of maintenance and significant remaining work to be done before long-term rental is possible. Price thoughts: The listed price of 191,000 EUR reflects the property's current market value. However, through a potential auction at the responsible district court, there is the opportunity to secure a 30% discount on the market value, resulting in a purchase price of only 133,700 EUR. Additionally, notary fees and agency commissions are waived. Overall, while the property may require some renovation and maintenance work, the potential discount and the opportunity to acquire this property at a reduced price make it a compelling investment opportunity for those willing to put in the necessary effort.