Apartment for sale in Arrecife, Canary Islands

This comment was automatically translated and may not be 100% accurate. See description in the original language Property for sale in the Santa Coloma area of Arrecife, ideal for investors only. It is a house distributed over three floors with independent apartments that are currently rented, allowing you to receive income from the first moment. On the ground floor there is a living room with an integrated kitchen, a bedroom, a bathroom and a patio. The intermediate floor has the same distribution: a living room with an integrated kitchen, a bedroom and a bathroom, but without a patio. The attic floor has a living room, a kitchen at the entrance, a bedroom and a terrace overlooking the street. Each of the houses has an independent entrance, which facilitates its management for rent. Currently the property is rented and some of the lease agreements are pending resolution; in the meantime, the buyer can receive the rent and see a return on investment. According to the simple note, the property is a type A house of two floors located in the place known as Maneje Santa Coloma within the municipality of Arrecife. In the block nomenclature it has been assigned the number 11. The ground floor consists of a dining room, living room, kitchen, pantry, toilet, stairwell and patio, while the upper floor consists of three bedrooms and a stairwell. The built area is seventy-two meters and fifty-nine decimeters squared and a useful area of forty-seven meters and twenty-five decimeters squared. The location is unbeatable, a step away from the municipal library, surrounded by all services such as shopping centers, health center, schools and sports center. The area has a lot of traffic and movement, which makes it very attractive for investment. The selling price is 192,500 euros. Currently, the property generates a gross profitability of 4.4%, considering that one of the houses is not paying rent. If all the houses were rented with the current rent of 380 euros each, the gross profitability would be 7.11%. Furthermore, there is the possibility of increasing profitability if, in the future, rents are equalized to 450 euros each, which would raise the gross profitability to 8.42%. The available photos only correspond to the attic, as no other images are available. For more information, contact us. The data shown are merely indicative and are subject to involuntary errors or omissions. The selling price does not include transfer taxes, notary fees, registration and any other expenses that may arise from the sale.

Apartment for sale in Arrecife, Canary Islands

Duplex in calle Carlos III, Altavista-Titerroy-San Francisco Javier, Arrecife

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