House for sale in Dusseldorf, Germany

Based on the property description, this multi-family house is located in Düsseldorf, Germany and offers 6 apartments, 2 levels, a basement, and a loft. The living spaces range from 42 to 97 square meters, providing a total living area of 414 square meters. The house has balconies, a terrace, and an attached building. It was built in 1987, with the attached building constructed in 1956. There are no approved plans for expanding the attic space. Heating is provided by a gas central heating system, and hot water is supplied by an electric circulating heater. The property has some damage and defects, including problems with the terrace and a part of the brick wall. The seller has set a reserve price of 1,615,000 EUR. For a real estate investment perspective, this property seems to offer a decent return, but it will largely depend on the buyer's renovation and rental strategies. With a potential 30% discount, the discounted price would be 1,130,500 EUR, which could provide better value for the buyer. However, the buyer should also consider the renovation costs, potential rental income, and the local market conditions before making a decision. As a lifestyle purchase, this property might be suitable for someone looking for a multi-family house in Düsseldorf. The presence of multiple apartments can be ideal for a family with relatives or those planning to generate rental income. However, the property's condition and the need for renovation should be considered before making a final decision. It's recommended to consult with a real estate agent or expert for more personalized advice.