Málaga, Málaga 29006 Apartment Building $1,279,888 4.36% Cap Rate

QUALITY KEYS INMOBILIARIOS presents an excellent investment opportunity with this income-producing 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 train station.
Built in 1962, the building has four floors with no elevator: a ground floor and three upper floors. The ground floor consists of a commercial unit and a small dwelling (114 + 21 m², according to the land registry), and the first, second, and third floors (135 m² per floor according to the land registry) each have two apartments, for a total of seven units. All the apartments are laid out with living-dining room, two bedrooms, kitchen, and bathroom. The property has approximately 10 meters of street frontage facing south. The plot on which the building stands has an area of 149 m². Construction quality is standard.
According to the property registry, the total built area corresponding exclusively to the residential units and the commercial space is three hundred ninety-seven square meters and seventy-seven square decimeters (397.77 m²). According to the cadastral records, the total built area is five hundred forty square meters (540 m²).
The building is sold with all apartments and the commercial unit leased, generating a net yield of 4.8%.
For more information about the building, its profitability, and the terms and conditions of the lease contracts, please do not hesitate to call us.
We are a REAL ESTATE BOUTIQUE with more than 20 years in the sector, always at the service of our clients, accompanying them from the search for their home, commercial premises, or any other property—whether for own use or investment—through to the final details of the purchase.