Apartment for sale in León city, León

Investment in León: renovated apartment, already rented and with high returns

Sale price: 95,000 negotiable

An investment that starts generating income from day one

This renovated 59 m² apartment on Avenida Mariano Andrés, León, is specifically aimed at investors.

The main difference compared to other properties intended for investment is straightforward:

Here you don't have to renovate, furnish or search for a tenant.

The property is currently rented to a solvent tenant with a demonstrable payment history, so the buyer acquires a real estate investment that is already operational.

The investment numbers

Sale price: 95,000
Current rent: 562.50/month
Current gross income: 6,750/year
Current gross return: Above 7% annually, potentially higher
Lease agreement valid until January 1, 2030
Rent subject to annual adjustment according to applicable index and regulations
Tenant with previously analysed solvency
Payment compliance history

A property that is already working for its owner

Buying a property to invest normally means starting a process: finding the right property, renovating it, furnishing it, advertising it, conducting viewings, selecting candidates and assuming an initial period without income.

In this case, much of that work is already done.

The apartment is renovated, furnished and rented, currently generating a rent of 562.50 per month.

The buyer will be able to become the owner of a property with an active lease, taking over the position of the current landlord in accordance with applicable contractual and legal conditions.

What is the property like?

It is an interior, quiet and renovated apartment, located on a second floor without lift.

Its 59 m² have been distributed functionally to make very good use of the space.

It features:

2 bedrooms
Living-dining room
Open kitchen to living-dining room
Bathroom
Fully equipped kitchen
Refrigerator
Oven
Ceramic hob
Washing machine
Individual natural gas heating
Furnished property

A layout especially suited to the rental market in the area.

Additionally, the building and entrance are undergoing renovation, improving common areas and the overall appearance of the property.

Avenida Mariano Andrés: a very interesting location for renting

In a real estate investment, it's not just about what the property is like.

Location matters greatly.

And here we find another of the strong points of this property.

The property is located on Avenida Mariano Andrés, León, within a consolidated area with numerous services nearby.

Its location is especially interesting due to its proximity to two important activity hubs in the city: the University of León and the hospital complex.

Approximately:

Hospitals: about 10 minutes walking.
University of León: about 10 minutes walking.
Mercadona and DIA: approximately 4 minutes walking.
Bus: stop practically at the building entrance.

Furthermore, in the surroundings we find supermarkets, shops and various services necessary for daily life.

All of this favours residential demand in the area and constitutes an important argument for those analysing the purchase from an investor's perspective.

95,000 investment, 6,750 current gross annual income

The numbers are especially clear:

562.50 x 12 months = 6,750 annually

On an advertised acquisition price of 95,000, the current rent represents:

Approximate gross return of 7.1% annually

And, furthermore, the buyer does not have to wait to find the first tenant: the property is already rented.

The current tenant has demonstrated solvency and compliance with payment obligations, providing greater peace of mind for the initial investment approach.

An opportunity for the small investor

This property may be especially interesting for those seeking to diversify their savings through a real estate property in León without acquiring an empty property and having to start the entire rental process afterwards.

Renovated property.
Furnished.
Two bedrooms.
Individual natural gas heating.
Close to University and Hospitals.
Currently rented.
562.50 monthly current rent.
6,750 current gross annual income.
Approximate gross return of 7.1%.

Sale price: 95,000

If you are looking for a property to live in, this is probably not your property.

If you are looking for a property to invest in, it is worth studying.