House for sale in Dusseldorf, Germany

Property Description: Multi-family house with 6 apartments, 2 floors, cellar, converted attic, and attic. The living spaces of the 6 apartments vary from 42 to 97 m², totaling 414 m². The building also has balconies, a terrace, and a courtyard building. It was built in 1987, and the courtyard building dates back to 1956. There are no approved building plans for the attic conversion. Heating is provided by a gas central heating system, and hot water is supplied by an electric tankless water heater. There are structural defects and building damages, such as cracks in the top layer of the terrace on the ground floor and significant cracks in a portion of the masonry enclosure. A lump sum of €15,000 has been accounted for in the costs. Thoughts on Price: The property is being auctioned at the competent district court with a traffic value of €1,615,000. Buyers have the potential to secure a 30% discount on the traffic value, making the purchase price only €1,130,500. Furthermore, notary fees and agency commissions are waived. Despite the mentioned building issues, this property presents a great opportunity for buyers looking to invest in a multi-family dwelling with potential for renovation and improvement.