House for sale in Duisburg, Germany

From a buyer's perspective, this property, located at 47166 Duisburg, offers 70.333€ of investment potential. The building is a mixed-use property consisting of seven residential units and two connected commercial spaces. With a total of 400 square meters for the residential units and 113 square meters for the commercial spaces, this property has a considerable size. However, the current state of the property is described as "stark vernachlässigt" (stronglyisa stång liuskt), with a significant backlog in maintenance, which limited the viewing opportunities. The building includes three floors, a basement, and a converted attic. The residential units range in size from 51 to 89 square meters, while the commercial spaces range from 40 to 73 square meters. The property was built in 1898 but has been updated with a gas-fired central heating system installed in 1996 and a hot water heating system provided by a heat exchanger. The current description suggests the need for significant renovation, but it also presents the potential for creating a desirable property with improved living spaces. Contact information is provided for further questions about the property, and the property is listed with an Auction Court. Additionally, the listing offers a 30% discount on the estimated market value, reducing the actual purchase price to 49.233,10 EUR. Given the size and potential of the property, it could be an excellent investment opportunity, although it will require substantial initial costs for renovations. For those looking for a lifestyle upgrade, the property's mix of residential and commercial spaces might be appealing, although its current condition may not be ideal. Ultimately, the outcome of this investment would depend on your renovation plans, local market conditions, and personal preferences.