House for sale in Duisburg, Germany

From a buyer's perspective, this property, located in Duisburg, offers multiple advantages. It is a multi-family house that has already been divided into seven separate apartments, providing an excellent opportunity for a group investment or for creating multiple rental income streams. The age of the property, 1910, indicates a solid built structure that may still have a lot of life left with proper renovation and maintenance. The inconvenience of inaccessible interior due to renovation needs should also be taken into account. The current state requires immediate attention and renovation since the building is deemed to be in a state that requires it to be torn down. One should consider the prospect of renovating the property and supplying modern amenities to make it appealing to potential tenants or buyers. The single-family homes in the area may be a direct competitor, and thus, it is crucial to make the units attractive and valuable in the eyes of potential renters or buyers. Besides investment potential, the property can also be a lifestyle purchase. You can partition it into apartments and rent them for passive income. The nearby Rhein bay and landscape have scenic beauty that can potentially be used as a positive marketing strategy, accentuating the appeal of living in the area. Overall, the property has potential, but it does require significant investment for renovation and upkeep. Whether it can be a good investment depends primarily on the individual buyer's circumstances, requirements, and of course, their renovation skills or professional help with renovation. Please engage a specialist to assess the property in person to confirm the current state, future repair costs, and whether it aligns with your investment and lifestyle goals.