House for sale in Duisburg, Germany

Property Description: This property is a residential and commercial building at the corner (with apartments and 3 retail spaces), with 2 separate entrances. The building is 3 stories high, with a basement and an attic. The total living and usable space is 416 m². It was built in 1888. The heating is done via district heating. A viewing was limited, making it difficult to determine the exact number of apartments and whether units on the upper floors may have been created by merging parts of the building. The property appears neglected overall with significant deferred maintenance. Price Thoughts: The asking price for this property is 320,000€, but it is being auctioned at the local district court. There is a possibility to secure a 30% discount on the market value, bringing the price down to 224,000€. Notary fees and agent commission are also waived in this case. This could be a great opportunity for buyers looking to acquire a property at a lower cost and take on the necessary renovations to bring it back to its full potential. Contact us for more information.