House for sale in Duisburg, Germany

Property description: This property is a residential and commercial building located at the corner, with apartments and 3 retail spaces, featuring 2 separate entrances. The building is 3 stories high, with a basement and a converted attic. The total living and usable space is 416 sqm. It was built in 1888 and is heated by district heating. Due to limited access, the exact number of units could not be determined, and it is unclear if units on the upper floors have been created by combining parts of the building. The property appears neglected overall, with a significant backlog of repairs. Price thoughts: The property is currently being auctioned by the local court with a market value of 320,000.00 EUR. There is a potential discount of 30% on the market value, bringing the price down to 224,000.00 EUR. Additionally, there are no notary costs or agent fees involved in the purchase. This property presents a unique opportunity for buyers looking to acquire a potentially valuable asset at a discounted price.