$763,175

Listing currency: €650,000

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Arona, El Fraile, Spain El Fraile, Spain

Building for Sale in El Fraile – Excellent Investment!
A complete building for sale in the center of El Fraile, close to all services and in a strategic location.
The property was built in 1998 and consists of three floors with a total of six apartments (two per floor).
* Ground floor: 2 apartments with 1 bedroom, separate kitchen, living room, bathroom, and patio.
* First and second floor: 4 apartments with 2 bedrooms, separate kitchen, living room, and balcony.
All apartments are currently rented.
Annual return of over 6%.
Rental contracts with a duration of 5 years.
Reliable tenants with no payment defaults.
Only a 10-minute walk to Las Galletas beach.
Just 10 minutes by car to the motorway.
An ideal opportunity to invest in a building with high profitability in an area with strong housing demand!
Property tax: €720/year.
Year of construction: 1998.
Asten Realty reference: 9661.

Amenities

  • Bedrooms: 10
  • Full Bathrooms: 0
  • Partial Bathrooms: 0
  • Property Type: Single Family
  • Home size: 2,777 ft2 / 257.99 m2
  • MLS: 9661
  • Status: Active

Property brokered by

Asten Realty

+34 922 789 196

Presented by Durdica Raden

Contact Durdica Raden

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