House for sale in Dusseldorf, Germany

Property Description: This property is a five-story apartment building with 9 units in the front building, which is basemented. The units range in size from 37-76 m², and the total building area is 503 m², including balconies. Additionally, there is a commercially used courtyard building with a total area of 217 m². The building dates back to 1877 and was reconstructed in 1955. The courtyard building has been used as office and storage space since 1951 and was expanded in 1955. Heating and hot water are provided by gas floor heaters, with varying levels of original and updated finishes. There are no designated parking spaces for cars on the property. The property is being auctioned at the local district court with a market value of 1,280,000.00 EUR. There is a possibility of a 30% discount on the market value, making the purchase price for this property only 896,000.00 EUR. Notary and broker fees are also waived in this transaction. This property is one of many interesting real estate opportunities featured in our monthly, cost-effective real estate auction catalog. Contact us now to secure these details and acquire your dream property at a discounted price. Price Thoughts: The price of 1,280,000.00 EUR for this property may seem high at first glance, but considering the size of the building, the potential rental income from the 9 units, and the commercial space in the courtyard building, it presents a lucrative investment opportunity. With the possibility of a 30% discount, the purchase price of 896,000.00 EUR becomes even more attractive, especially when factoring in the waived fees. This property has great potential for both immediate rental returns and long-term appreciation, making it a valuable asset in the real estate market.