Offered for sale six-storey residential building within walking distance to the beach and centre of Valencia. The living area of the building for 24 flats (4 flats on each floor) is 1,550 m2. Building with a facade on three sides was recently completely restored and currently does not need any repairs. Some flats were also made cosmetic repairs, which guarantees their excellent pre-sale condition. The living area of most apartments have Windows facing a pedestrian street, from 60 to 70m2. There is no lift, but there is a project on its installation, the final cost of which will amount to approximately 30,000€. Of the 24 apartments at the moment free only 6, all of the leased objects bring to the present owner the annual income of more than $ 60 000€. Tenants of apartments are responsible for paying Council tax on the property (I. B. I.) and other charges for the maintenance of the condominium. The proposed building is located in a favourable residential area of the city with all necessary infrastructure. This property is a perfect investment option in residential property high profitability in Valencia, Spain. The building is being sold directly by the heir, not wishing to continue the family business. Debt encumbrances on the property do not exist. Our Agency has all the original documentation for the property.
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