Málaga, Málaga 29006 Apartment Building $1,284,222 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 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). The first, second, and third floors (135 m² per floor, according to the registry) each contain two residential units, making a total of 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 registry, the total built area, including residential units and the commercial space, amounts to three hundred ninety-seven square meters and seventy-seven square decimeters (397.77 m²). According to the property registry, the total area is five hundred forty square meters (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.
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