House for sale in Duisburg, Germany

Property Description: This two-story, basement multi-family house with five apartments is attached on both sides. The attic is partially converted, with the living areas of the 5 apartments ranging from 49 to 53 square meters. The total living space of the house is 248.7 square meters and it was built around 1930. The building is heated by district heating. Despite some renovation work already being done, there are still simple finishing conditions and some aging of the installations, so the apartments only meet basic requirements. These simple finishing conditions were taken into account in the valuation, while existing defects and damages were additionally devalued through a lump-sum deduction. Thoughts on Price: The property is being auctioned at the local district court with a traffic value of €147,000. It is possible to secure a discount of up to 30% on the traffic value, making the purchase price only €102,900. Notary fees and brokerage commissions are also waived. This property offers potential for improvement and represents a good investment opportunity for buyers looking for a project to increase its value. Contact us for more information on purchasing this property at a discounted price.