Málaga, Málaga 29006 Apartment Building $1,267,865 4.36% Cap Rate

QUALITY KEYS INMOBILIARIOS presents an excellent investment opportunity with this income-generating building, located just 200 meters from Málaga's Bus Station, 400 meters from the Larios Shopping Center, and 650 meters from the Málaga-María Zambrano Train Station.
Built in 1962, the building consists of four floors without an elevator: a ground floor and three upper floors. The ground floor includes a commercial space and a small residential unit (114 + 21 m², according to the property registry), while the first, second, and third floors (135 m² per floor, according to the registry) each contain two residential units, totaling seven apartments. Each unit features a living-dining room, two bedrooms, a kitchen, and a bathroom. The building has approximately 10 meters of frontage facing south. The plot on which the building is located has a total area of 149 m². The construction quality is standard.
According to the property registry, the total built area, including residential units and the commercial space, amounts to 397.77 m². According to the cadastral records, the total area is 540 m².
The building is being sold with the residential units and commercial space already leased, offering a net return of 4.8%.
For more information about the building, profitability, conditions, and details of the lease agreements, please do not hesitate to contact us.
We are a REAL ESTATE BOUTIQUE with over 20 years of experience in the sector, always dedicated to serving our clients. We accompany them through every step, from finding their ideal home, commercial space, or any other property for personal use or investment, to the final details of the purchase.