House for sale in Duisburg, Germany

Property Description: A three-story multi-family house with three separate apartments, each with its own external entrance. The house has a basement and a converted attic with a total living space of 305 sqm, with each apartment ranging from 75 to 130 sqm. The building dates back to 1936, the attic was converted in 1956, and renovations and extensions were carried out in the 1970s. Heating is provided by a gas central heating system, and hot water is supplied by a tankless water heater. During the property viewing, only some areas were accessible, but overall, it appeared to be adequately maintained. Due to limited viewing opportunities, any major maintenance needs were not apparent. Thoughts on Price: The property is being auctioned at €588,000, but there is a possibility to secure a 30% discount on the appraised value, bringing the price down to €411,600. This discount, along with waived notary fees and agent commissions, makes it a potentially attractive investment opportunity. Considering the size of the property and the potential rental income from three separate units, the discounted price offers good value for potential buyers looking to acquire a multi-family property in this area.