€ 3,750,000
Commercial for sale in Cehegín, Murcia
- 3419 m2
- 48
- 32
- 1670 m2
Description
Apartment building for sale in Cehegín, an investment opportunity with income potential from short-term and vacation rentals. The building has four floors, an elevator, and a total of 32 one- and two-bedroom apartments, each with a living room, open-plan kitchen, and spacious balcony. The property also includes 26 parking spaces and 5 storage units, further enhancing its profitability and income-generating potential.
Estimated return as of October 2026: Currently, 20 apartments are rented on a monthly basis, with contracts of up to one year from the date of signing. Ten one-bedroom apartments rent for €330 per month each, and ten two-bedroom apartments for €360 per month, generating a total of €6,900 per month. The remaining six apartments are designated for holiday rentals: four one-bedroom apartments, with a rate of €79 per night and an estimated occupancy of 10 nights per month, and two two-bedroom apartments, at €149 per night with the same projected occupancy. These accommodations would contribute an additional estimated €4,560 per month. This is in addition to the income from the rented parking spaces and storage units, which amounts to €950 per month according to the data provided.
Overall, the building has an estimated gross income of €12,410 per month, equivalent to €148,920 annually, before expenses, taxes, maintenance, utilities, management, and potential vacancy periods. This is a high-capacity property, with different rental options and multiple income streams, aimed at investors seeking a real estate asset with profitability potential in the Region of Murcia. Furthermore, the price includes a large commercial space of 535 m² and an adjacent urban plot of 750 m².
Features
- Commercial
- Bedrooms: 48
- Bathrooms: 32
- Build Size: 3419 m2
- Plot: 1670 m2
- Year Built: 2012
- Energy Efficiency Rating: In Progress