Investment opportunity in Cortes: 2 properties with high profitability
€1,350,000
- 4 Rooms
- 4 Bedrooms
- 4 Bathrooms
- ~204 m² Total surface
- ~204 m² Living area
Description
Engel & Völkers presents this fantastic property located in the Barrio de las Letras.
The property is currently divided into two apartments and has recently been fully renovated with exquisite taste. It is currently rented out, offering an attractive 8% yield.
The apartments may continue to be rented separately, although there is also the possibility of reuniting them into one spacious residence. With a simple renovation, one of the kitchens could easily be converted back into an additional bedroom.
The property is exceptionally bright, featuring three balconies overlooking the street and high ceilings. At the same time, it remains remarkably quiet thanks to its double-glazed windows.
Located on the first floor of a building with an elevator, the property offers approximately 204 m² and comprises a total of four bedrooms, four bathrooms, two living rooms, two kitchens, and a storage room.
It is currently configured as two independent apartments of approximately 100 m² each. Both apartments feature two spacious bedrooms with large built-in wardrobes, two bathrooms (one en suite), a kitchen, and a living-dining area. The property also benefits from central heating and split-system air conditioning.
This is an excellent opportunity both for investment purposes and as a permanent residence, as each apartment has its own independent entrance and reinforced security door with a keypad entry system.
This modern and versatile property represents a unique opportunity for investors as well as private buyers seeking a home in one of the most promising and vibrant neighborhoods in central Madrid.
Air-conditioningBalconyBuilt-in kitchenPatioSecurity systemElevatorFurnished
Property details
- Object type
Flat
- Rooms
4
- Bedrooms
4
- Bathrooms
4
- Floor
1
- Number of Floors
1
- Total surface
~204 m²
- Living area
~204 m²
- Usable surface
~190 m²
- Flooring
Wooden floor
- Building restrictions
Front of Building Monument
Energy efficiency information
- Construction year
1890
- Energy efficiency class
E
- Energy certificate available
Yes
- Energy certificate type
Consumption certificate
- Type of heating
Radiator
- Energy source
Decentral heating
Location: Centro, Madrid
Walking through the Barrio de las Letras is to immerse yourself in the history of Spain’s Golden Age.
Located near some of the world’s most important art museums — the renowned “Triangle of Art” — the Las Cortes area, famous for the intense literary activity that flourished during the 16th and 17th centuries, offers a rich cultural scene, an excellent selection of shops, and outstanding national and international cuisine.
This emblematic neighborhood perfectly blends tradition and avant-garde lifestyle. It enjoys a privileged location just minutes from Atocha railway station and very close to Paseo del Prado and the Royal Botanical Gardens.
The building is surrounded by art galleries, cinematheques, antique shops, and a wide variety of cafés and restaurants, making the Barrio de las Letras one of the most vibrant, charming, and enjoyable neighborhoods in central Madrid.
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Engel & Völkers Madrid MMC
Provider:
EV MMC SPAIN, S.L.U.
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