House for sale in Duisburg, Germany

Property Description This property is a semi-detached residential and commercial building (3 apartments, shop) with 3 floors, basement, and partially converted attic. The total living area is 350 square meters, and the usable area is 100 square meters. The building has balconies and was built in the year 1900. It also includes a pathway area. The exterior appearance of the property already indicates a heavily neglected condition. An inspection of the vacant building was not possible as the city of Duisburg has prohibited its use due to fire safety deficiencies and other issues. Price Thoughts The property is being auctioned by the local court with a market value of €103,000. There is a possibility of securing a 30% discount on the market value, reducing the price to €72,100. Additionally, there are no notary costs or broker fees involved in the purchase. This property presents a unique opportunity for buyers looking to invest in a fixer-upper with potential for renovation and improvement. Contact us for more details and to explore this and other interesting properties featured in our monthly real estate auction catalog.