Apartment for sale in Almagro, Madrid city, Madrid

This exterior apartment in need of renovation is located on Calle de Rafael Calvo in Almagro, one of Madrid's most elegant and prestigious neighborhoods. Situated on the third floor of a 1950 building with an elevator and an on-site concierge, it offers 134 m² built according to the Cadastre, of which 121 m² correspond to the living area. Its exterior orientation and large windows provide a pleasant sense of spaciousness and natural light.

The residence currently features a spacious and bright living-dining room with a large street-facing window, alongside a second exterior living room that also boasts expansive windows. It offers two bedrooms—the master with an en-suite bathroom—and a second bathroom serving both the second bedroom and guests. The large kitchen is separate, and heating is central natural gas. The apartment provides an exceptional canvas for a renovation project tailored to modern living standards.

Living in Almagro means enjoying one of Madrid's most established and aristocratic quarters, characterized by classical architecture, peaceful tree-lined streets, and a distinguished selection of restaurants, boutiques, and everyday amenities. Its layout, location, and renovation potential make it an especially compelling opportunity for investors seeking strong capital appreciation.

The property offers the option to purchase a large parking space on Calle de Zurbano for €70,000, an added value highly prized in this neighborhood. A prime opportunity to design a bespoke home in one of Madrid’s most desirable locations.

Can you imagine living here?