House for sale in Duisburg, Germany

Property Description: A two-storey, basement multi-family house with five apartments, attached on both sides. The attic is partially developed, with the living spaces of the 5 apartments ranging from 49 to 53 sqm. The total living area of the house is 248.7 sqm and it was built around the year 1930. The heating of the building is done through a district heating system. Although renovation work has been carried out on the existing building, there are still basic finishing conditions and some outdated installations, so the apartments only meet simple requirements. The valuation took into account the basic finishing conditions, while existing defects and damages were further devalued by a lump-sum deduction. Price Thoughts: The property is listed at a market value of 147,000.00 EUR. However, there is an opportunity to potentially secure a 30% discount on the market value, bringing the price down to only 102,900.00 EUR. Additionally, there are no notary fees or agent commission involved in the purchase. This property presents a great investment opportunity at a discounted price, especially for buyers looking to acquire real estate at a lower cost.