NEW INVESTMENT OPPORTUNITY

OFF-MARKET

Estimated gross yield from room rental: approximately 11.41% annually

Location: San Vicente del Raspeig, Alicante
C/ Pintor Picasso 

Property details:

• Third floor without elevator
• Located in the center of San Vicente
• Apartment in need of renovation
• Possibility to create up to 5 bedrooms
• High potential for room-by-room rental strategy

Investment highlights:

• Suitable for room rental operation
• Area with strong demand from students and workers
• Renovation planned to maximize profitability

Financial overview:

Purchase price: €139,000
Transfer tax (ITP): approx. €13,900
Estimated renovation cost: €30,000
Notary & registry fees: approx. €1,100

Total estimated investment: €184,000

Agency fee: maximum €3,500 + VAT

Projected income:

Estimated rental income: €1,750 / month
Estimated rental income: €21,000 / year

Projection based on 5 rooms rented from €350 each.

Estimated gross return:
Approximately 11.41% annually

Key advantages:

• Investment focused on monthly cash flow
• Higher profitability compared to traditional rental
• Potential to optimize layout and maximize returns
• Established area with constant rental demand

Important:

• Property available for visits
• OFF-MARKET opportunity