Apartment 604 m² Community of Madrid, Spain

Spain

Archive cost $3,15M

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Apartment 604 m² Community of Madrid, Spain

Updated at: 04/03/2025

Location

Country: Spain

State: Community of Madrid

Apartment parameters

Total area: 604 m²

Description

DescriptionBuilding with 12 tourist apartments in Madrid, 3 million euros, 7% profitability.New renovated building for sale in Madrid, Aravaca area.Building area 604 sq.m Consists of 3 floors. Has 12 tourist apartments. The apartments have all the necessary furniture and licenses for renting out. The completion date for the complete reconstruction is December 2023.Price: 3.0 million euros plus 5% real estate agency commission.The hotel chain is ready to rent for a period of 10 years with a payment of 210 thousand euros per year, which is 7% profitability.An excellent investment with high returns in the capital of Spain.