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Tarragona, Tarragona 43003 4 Unit Apartment Building $156,491 ($39,123/Unit)
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Investment Highlights
- Located with the façade facing the street, exposing the user of the space to the business generated by foot traffic.
- Close to the A-7 highway and good communication to public transport.
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% under a rental model and up to 49% in the 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 renovation cost ranges between €120,000 and €150,000. According to estimates, the gross return could reach approximately 11% under a rental model and up to 49% in the 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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