Apartment for sale in Cabanyal-Canyamelar, Valencia city, Valencia

Excellent investment opportunity: a ground floor studio located on Calle Progreso, 317, in the heart of El Cabanyal. The property has 42 m² built (49 m² of graphic surface) and is part of a typical Cabanyal house from 1944, with three floors, that has been recently fully rehabilitated: the exterior structure and all intermediate floors have been reinforced, the roof has been completely replaced, and the electrical installation and sewage system have been renewed.

The studio, designed with an open concept, combines in the same space a sitting area, a fully equipped open kitchen, and a resting area. It also features a full bathroom, a storage room, and a small exterior patio, perfect for enjoying the sunny days in Valencia. The property is delivered fully furnished and equipped with all appliances, ready to generate income from the very first moment.

Currently, the studio is rented monthly (medium stay rental) for €1,250/month, with the possibility of increasing profitability by renting it out in the short-stay modality during the summer months, with a minimum stay of 11 nights.

Ideal opportunity for investors looking for a rehabilitated asset, in one of the most promising areas of Valencia, just a few steps from the beach, with immediate profitability and no need for any renovations.