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 commercial spaces 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 currently rented, except for one apartment. Heating is provided by a gas central heating system installed in 1996, and hot water is generated by instantaneous water heaters. The condition of the property is severely neglected, with significant maintenance backlog. Due to this, viewing opportunities have been limited. Thoughts on Price: The property is being auctioned by the local court with a market value of 70,333.00 EUR. There is a possibility to secure a 30% discount on the market value, bringing the price down to just 49,233.10 EUR. Notary fees and agent commission are also waived. This presents a unique opportunity for potential buyers to acquire this property at a discounted price. It is important to act quickly and take advantage of this offer before it is gone. This property, along with many others, is listed in our monthly affordable real estate auction catalog. Contact us for more information and seize the opportunity to purchase your desired property at a reduced cost.