Zona centro Apartment Building $882,664 Palma, Islas Baleares 07011

Ref: 3396-13114
Building layout on the plot: Construction between party walls/attached/construction in a closed block.
Vertical communication cores in residential buildings: Single staircase core, no elevator.
Average number of apartments per floor: 1
Real estate asset with high potential for appreciation, located in one of the most established and sought-after urban areas of Palma de Mallorca. This is an ideal building for investment purposes, repositioning, or residential development, situated in an area with excellent access to services, transportation, and proximity to the city center.
The property currently has active tenants, providing immediate profitability (although the contracts are old) while allowing for a gradual strategy of improvement or rehabilitation.
The first and second floors each consist of a single apartment occupying the entire surface area of approximately 121 m². The ground floor has about 80 m², including a 12 m² garage. There is also a small storage room of about 11 m².
The apartment on the second floor is currently rented under an old lease agreement.