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 usable areas 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 occupied, except for one apartment. Heating is provided by a gas central heating system installed in 1996, with hot water generated by tankless water heaters. The condition of the property is heavily neglected, with significant overdue maintenance. As a result, viewing opportunities have been limited. Thoughts on Price: 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, reducing the price to 49,233.10 EUR. Additionally, there are no notary fees or agent commissions involved in the purchase. Despite the neglected state of the property, the discounted price offers potential for investment and renovation opportunities. Consider exploring this property further for a potential cost-effective acquisition.