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    Charming Corner Apartment for Sale in Madrid - Perfect for Renovation
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    Charming Corner Apartment for Sale in Madrid - Perfect for Renovation

    438,500€

    Key information

    • 78 m²
    • 3 bedrooms
    • Has elevator

    Investment Breakdown

    Gross Yield:

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    Time to pay off with rent:

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    Price Difference:

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    Expected Rent:

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    About this property

    Check out this bright and spacious corner apartment that's just hit the market! Located on the first floor, it boasts seven windows with amazing south and west views that fill the space with natural light. This 78m² home is situated in a quiet area on Calle de la Infanta Mercedes, right between San Germán and San Enrique, so you’ll have peace and quiet while still being close to everything you need. It’s a short stroll to the Santiago Bernabéu Stadium, the Azca financial district, and commercial hotspots like Orense and Bravo Murillo. The layout currently features three bedrooms, a full bathroom, and an open kitchen that connects to a cozy living room. Every single room has windows, and those high ceilings really make the space feel even more open. Picture yourself unwinding in the living room or cooking up a storm in the kitchen – both areas overlook the street, while the third bedroom, bathroom, and kitchen all face a sunny communal patio. This apartment needs a complete renovation, making it the perfect canvas for your vision. I’ve attached the current floor plan along with a proposed redesign that shows how you could turn it into a three-bedroom, two-bathroom space. We’re also looking into layouts for four and even five bedrooms to really maximize the potential here. Built in 1965, the building comes with an elevator and has passed its ITE (building inspection) with flying colors. Your annual IBI tax is around €478, while community fees are just €68 a month—definitely manageable! And did I mention parking is a breeze around here? You’ll enjoy the tranquility of living in a bustling part of Madrid, equipped with all the amenities and easy public transport access. This is truly a fantastic opportunity to invest or make this place your sweet home. Don’t miss out on this one!

    Local area information

    Date added: 07.12.2024

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