Complete Building for Sale in Central El Fraile

EUR €650,000 (USD $763,445) *current conversion
Fraile, CN, 38632, Spain

Property Highlights

  • Three-story building with six apartments
  • Apartments feature balconies and patios
  • Close to Las Galletas beach (10-minute walk)
  • Near motorway (10 minutes by car)
  • All apartments currently rented with stable tenants
  • Built in 1998 with separate kitchens

Overview

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.

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Property Features

Fraile, CN, 38632, Spain offers the following features:

Bedrooms: 10
Living Area: 2777.11sf
Property Type: Single Family
Status: Active
Reference ID: 9661

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