House for sale in Dusseldorf, Germany

Property Description: A residential and commercial building with five apartments and commercial units, attached on both sides. It spans three floors, has a basement, and features a converted attic and an attic. The building includes balconies and single-story courtyard additions without a basement. The living areas range from 47 to 150 sqm, and the usable areas range from 66 to 77 sqm. In total, the living areas amount to 400 sqm and the usable areas to 143 sqm. The building was constructed in 1887, but due to its good condition and modernizations carried out, it was evaluated in 1993. The heating is provided by an oil central heating system, while the hot water is supplied by electric devices. There are partially different floor plans, with a converted area of a sound studio and storage/workshop in the ground floor of the front building that is not legally approved. The building does not have any listed historical features. Price Thoughts: The property is currently valued at 1.850.000€. However, there is an opportunity to potentially secure a 30% discount on the assessed value, bringing the price down to 1.295.000€. This reduction, along with the exemption of notary fees and agency commission, presents a compelling opportunity for potential buyers to acquire this property at a more competitive price. Additionally, the property is being auctioned at the local district court, offering a unique chance for investors or buyers looking for a cost-effective real estate opportunity.