Description

Unlock a unique investment opportunity in the heart of Estepona, perfect for savvy investors looking to maximize returns. This property, priced competitively due to special conditions, offers a remarkable chance to create up to four independent apartments. Currently, the ground floor is under lifetime usufruct by the 92-year-old owner, ensuring future availability, while the upper floor is ready for immediate refurbishment and conversion into two modern dwellings. Boasting a generous 223 m² of construction over two levels and a 121 m² rooftop, imagine the possibilities – from a chic solarium to a vibrant communal lounge.

Just a short stroll from La Rada beach and surrounded by Estepona’s charming Old Town life, this prime location guarantees high rental demand. Each fully refurbished apartment could yield an estimated €1,100/month, translating to over €4,000/month after full conversion. Enjoy the convenience of a single deed and property tax (IBI), plus the advantage of a coveted address in the sought-after Costa del Sol – a hotspot for both long-term tenants and vacationers. With Estepona’s enchanting climate offering over 300 sunny days annually, this property is as much a lifestyle choice as it is a financial one.

Capitalize on this unparalleled chance for immediate rental income and significant capital growth potential, all in a vibrant and thriving Mediterranean setting.