Málaga, Málaga 29006 Apartment Building $1,283,472 4.36% Cap Rate

QUALITY KEYS REAL ESTATE presents an excellent investment opportunity with this income-generating building, located just 200 meters from the Málaga Bus Station, 400 meters from the Larios Shopping Center, and 650 meters from the Málaga-María Zambrano Station.
Built in 1962, the building consists of four floors without an elevator, including a ground floor and three upper floors. The ground floor features a commercial space and a small apartment (114 + 21 m2, according to the land registry), while the first, second, and third floors (135 m2 per floor according to the land registry) each contain two apartments, totaling seven apartments. Each apartment includes a living-dining room, two bedrooms, a kitchen, and a bathroom. The building has a facade of about 10 meters facing south. The plot where the building is located has an area of 149 m2. The construction quality is standard.
According to the registry, the total constructed area, including the apartments and commercial space, is three hundred ninety-seven square meters and seventy-seven square decimeters (397.77 m2). According to the land registry, the total is five hundred forty square meters (540 m2).
The building is sold with the apartments and commercial space rented, offering a net return of 4.8%.
For more information about the building, profitability, conditions, and characteristics of the lease agreements, please do not hesitate to call us.
We are a REAL ESTATE BOUTIQUE with over 20 years in the industry, always at the service of the client, guiding them from the search for their home, commercial space, or any other property for end-use or investment, to the final details of the purchase.