Lavapiés-Embajadores Apartments CONDO FOR SALE


Madrid, MAD 28012
$650,000 USD
, Madrid, MAD for Sale
$650,000 USD
Apartments CONDO - FOR SALE
1/1
null | 5.2% Cap Rate

Lavapiés-Embajadores
Madrid, MAD 28012


HIGHLIGHTS

  • Privileged location in one of the most up-and-coming neighborhoods in Madrid.
  • Good public transportation connections.

OVERVIEW

Ref.: PR99559380 Commercial property with profitability in the vibrant Lavapiés-Embajadores neighborhood, just steps from Plaza de Cascorro and Tirso de Molina. Currently leased to a company operating it as a hostel, with a rental agreement in place until 2032, ensuring stable medium- and long-term income. The contract includes a progressive rent increase, with an estimated return reaching 5.2% over the course of the lease, based on the listed sale price. A prime location with high foot traffic, excellent connectivity, and surrounded by cultural and commercial activity. Lavapiés-Embajadores is one of Madrid's most up-and-coming neighborhoods, highly sought after by both residents and tourists. Known for its diversity, artistic vibe, and proximity to iconic landmarks such as the Reina Sofía Museum, El Rastro, Plaza Mayor, and Madrid de los Austrias, this area is an ideal choice for investing in income-generating properties.

FOR SALE DETAILS

PRICE

$650,000 USD

PRICE/SF

$347 USD /SF

CAP RATE

5.2%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lavapiés-Embajadores

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

13,454.888 SF

STORIES

5

BUILDING CLASS

C

YEAR BUILT

-

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0138707VK4703G

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