Petrer, Valencian Community

We present you a very interesting opportunity in Elda (Alicante): an occupied duplex penthouse, ideal for those looking for an entrance discount in exchange for managing the vacancy and the future renovation. It is house no. 7, type F, located on the attic and over-attic floor of a residential building on Hernán Cortés street. The two floors are connected by internal staircase, configuring a spacious and very bright house. Layout and surfaces Approximately 138 m² built. 113.18 m² useful in total: 88.75 m² of living space. 24.43 m² of living roomattached garage, located in the basement (square no. 24, linked to the house). 4 bedrooms, 2 bathrooms, kitchen, living-dining room and large terraces on both floors, for the exclusive use of the house. It is part of Block I, staircase 4, with a share of 1.65% in the common elements of the building. Operation conditions (very important) Property occupied by third parties: Without possession and without access to the interior it cannot be visited. The sale is carried out as it is (certain body), with the buyer assuming the real state of the property. Operation designed for investors with own funds; it is usually not financeable by traditional banks. Product from an entity, with no intermediary fee to the buyer. Price and market reserve RRP: 67,000 , which is a very reasonable price for a 4D/2B duplex penthouse with garage and terraces in Elda. The entrance discount compensates for the fact of being occupied and the future investment in vacancy and renovation. Mini profitability study (once free and refurbished) Taking as a reference a house with 4 bedrooms and 2 bathrooms, penthouse with terraces and garage in Elda, once the possession has been regularized and updated, it could be positioned at an indicative market rent of 500650 /month. With purchase in 67,000 and income from: 500 /month about 6,000 /year 9 % gross return. 600 /month about 7,200 /year 10.7% gross. 650 /month about 7,800 /year 11.6 % gross. (For the net profitability, IBI, community, insurance, maintenance and a vacancy provision would have to be discounted). In short, a very spacious duplex penthouse, with 4 bedrooms, 2 bathrooms, large terraces and attached garage, on Hernán Cortés street (Elda), at a price of 67,000 precisely because it is occupied and requires management and renovation. An option to consider for investors looking for products with strong revaluation potential and attractive future incomes.