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Tarragona, Tarragona 43003 4 Unit Apartment Building $157,202 ($39,300/Unit)

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INVESTMENT HIGHLIGHTS

  • Located with the facade facing the street, exposing the space's user to the business that generates pedestrian traffic.
  • Proximity to the A-7 highway and good access to public transportation.

EXECUTIVE SUMMARY

Great opportunity to acquire a building for renovation, located in the upper part of Tarragona, near the Cathedral and facing a quiet and charming square. This is a construction from the year 1800 that offers various usage possibilities, whether as a four-story building with independent apartments for rental purposes, or as three residential floors with a garage and storage space, ideal for private use with additional space.
The property has all the necessary permits in order. The estimated renovation cost ranges between €120,000 and €150,000. According to estimates, the gross return could reach approximately 11% for rental purposes and up to 49% in the case of resale. A property with high potential in an area of great historical value and sustained demand.

PROPERTY FACTS

Price $157,202
Price Per Unit $39,300
Sale Type Investment
Sale Conditions
High Vacancy Property
  • Redevelopment Project
No. Units 4
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
Apartment Style Mid-Rise
Building Class C
Building Size < 15,000 SF
Year Built 1800 - 1809
  • Listing ID: 35988088

  • Date on Market: 5/26/2025

  • Last Updated:

  • Address: Tarragona, Tarragona 43003

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