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house for sale in Dusseldorf, Germany

1 615 000€

40593 Düsseldorf

Features

    Property description

    As a buyer perspective, this property is a multi-family house with 6 apartments, 2 floors, a cellar, and an attic. The living spaces of the apartments range from 42 to 97 m², providing a total of 414 m² of living space. The property includes balconies, a terrace, and a backyard. It was built in 1987, with the backyard building constructed in 1956. There are no approved plans for expanding the attic. Heating is provided by a gas central heating system, and hot water is supplied by an electric circulation heater. The property has some issues, such as wood damage on the terrace in the ground floor and severe cracks in a part of the stone wall. A maintenance fee of 15,000 € has been set aside for these issues. For a real estate investment, this property seems to have potential due to its size and multiple apartments. However, the building's age, essential repairs, and possible additional renovation costs should be carefully considered. The listed price is 1,615,000 €, but with a potential 30% discount, the price could be lowered to 1,130,500 €. It is your choice to incorporate notary fees and estate agent commission. As a lifestyle purchase, this property might appeal to investors looking for additional income through renting out the apartments. The size of the building and the green space it offers present an opportunity to create a cozy living environment for renters or a ideal set up for a large family. However, the property's condition and the required repairs should be taken into account to ensure your investment will be worthwhile.

    Location

    40593 Düsseldorf

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