Description

Ideal for investors seeking steady returns, this centrally located three-bedroom apartment in Fuengirola offers a solid 5% return on investment. Situated on the first floor of a historic building, this property blends convenience with charm. The building, dating back to 1965, consists of a ground floor with commercial spaces and four residential floors, housing a total of 16 apartments. Although accessible only via stairs, the strategic location within a vibrant area ensures continuous demand and tenancy.

The apartment is well-maintained with no immediate need for renovations, allowing for hassle-free rental income immediately. The tenant currently occupying the property has shown reliability with timely rent payments over the past two years and desires to continue leasing, ensuring immediate rental income post-purchase. Key recent upgrades include a 2023-installed Samsung AC split unit for comfortable living conditions and a new washing machine for convenience.

A separate kitchen and a bathroom equipped with modern necessities further underpin the property’s appeal. With individual consumption-based payments for utilities and high-speed fiber optic internet already installed, the operational aspects are streamlined for investor peace of mind. This apartment presents an excellent opportunity for stable income and long-term value in a thriving rental market.