| Type | Block of flats |
|---|---|
| Living area approx. | 912 m² |
| Rooms | 40 |
|---|
| Plot area | 635 m² |
|---|
| Purchase price | 399.000 € |
|---|---|
| Price per m² | 437.50 €/m² |
| Commission | 3,57% (3,57 % inkl. MwSt vom not. Kaufpreis) |
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More financing calculators and assumptionsThis multi-family building in Duisburg-Marxloh, built in 1952, offers a rare opportunity for investors specifically seeking a property with significant development potential. The property comprises a total of 10 residential units in the front building, as well as 3 additional residential units and a small apartment in the rear building. In addition, 2 garages and 1 parking space are available in the courtyard. With a total living area of approx. 912 m², this presents an attractive foundation for sustainable appreciation.
The clear building structure enables efficient reorganization of the floor plans and optimization of the available space. Particularly attractive is the fact that targeted funding programs are available for multi-family buildings in Duisburg-Marxloh: Through the integrated action concept “Stark im Norden,” grants can be obtained for renovation, façade design and improvements to the residential environment. In addition, state funds from NRW.BANK – in some cases covering up to 100% of the renovation costs – as well as KfW programs for climate-friendly modernization and new construction are available. A terrace is also available on the first upper floor, creating additional value and potentially having a positive impact on future rental prospects.
The property is currently completely vacant and has already been cleared, allowing investors to begin renovation and repositioning on the market immediately – without delays caused by existing tenancies.
It should be noted that the property was officially closed due to identified defects. A corresponding expert report containing a complete list of all defects is available. Necessary measures, such as creating an emergency exit to the roof and adjustments to the positioning of the radiators, have already been identified and can be specifically implemented as part of a comprehensive modernization.
The expected renovation costs are estimated at around 300,000 euros, provided that the renovation measures are carried out without commissioning external construction companies and predominantly through self-performance or with the investor’s own tradespeople and capacities. This offers experienced project developers and investors with their own network, in particular, the opportunity to optimize the overall investment economically.
A particular advantage lies in the additional development on the plot: A separate building with two residential units, two garages and an office unit is fully rented and generating ongoing income. This offers the opportunity to generate cash flow already during the renovation phase of the main building and partially stabilize the investment.
The multi-family building’s condition, in need of renovation, offers significant opportunities for value appreciation through modernization, re-letting and rent adjustment. Particularly in a developing market such as Duisburg-Marxloh, investors can benefit from attractive entry prices and long-term growth potential.
After signing a declaration of intent to purchase, the property will be completely cleared of bulky waste and handed over swept clean, ensuring that the measures can begin immediately.
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339.000 € MEGA MULTIGENERATION HOUSE47169 Duisburg
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