Apartment for sale in Madrid

Flat in avenida de El Ferrol, 1, Pilar, Madrid

For Sale

Madrid, ES

113 m²

apartment

2026-04-19

Price

€480,000

€4,247.79 / m²

More details

Description

Sale of Apartment with Tenant – For investors Current rent of €1,350 Yield of 3.5-4% Apartment for sale on Avenida del Ferrol 1, with a current rent of 1,350 euros per month. It corresponds to the apartments categorized as special within the community. The tenant, in his third year of contract, is excellent and reliable, guaranteeing a return of between 3.5% and 4% per year. Ideal for investors looking for a property with stable income and a consolidated tenant for the future if desired. The apartment has undergone a complete renovation with an investment of more than 75,000 euros, rebuilding everything, including: new installations (electricity, water, LED lighting), windows (Komerlig with high insulation and energy efficiency, complete air conditioning system, AC5 floating flooring, and large-format porcelain floors and coatings of maximum resistance. Fully equipped kitchen with high-end appliances. The community has healthy accounts, with no delinquencies and with funds/reserves of around €80,000. The community keeps up to date with the renovation of facilities, accesses, services, etc. Parking spaces available for rent and purchase in the building. Direct contact with the owner – No agencies.

Apartment for sale in Madrid

Flat in avenida de El Ferrol, 1, Pilar, Madrid

Description

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