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Tarragona, Tarragona 43003 4 Unit Apartment Building $155,778 ($38,944/Unit)
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Investment Highlights
- Located with the facade facing the street, exposing the space 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, next to 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 rent, or as three residential floors with garage and storage, ideal for private use with additional space.
The property has all the necessary permits in order. The estimated cost of renovation ranges between 120,000 and 150,000 euros. According to estimates, the gross return can reach approximately 11% in rental mode and up to 49% in case of resale. A property with high potential in an area of great historical value and sustained demand.
The property has all the necessary permits in order. The estimated cost of renovation ranges between 120,000 and 150,000 euros. According to estimates, the gross return can reach approximately 11% in rental mode and up to 49% in case of resale. A property with high potential in an area of great historical value and sustained demand.
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"Tarragona, Tarragona 43003"
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