Apartment for sale in Cristo de la Epidemia, Málaga city, Málaga

This apartment—holding a valid tourist license—represents a particularly solid and increasingly rare opportunity in today’s Málaga market. The existence of a current, fully operative license provides legal certainty and a clear competitive advantage in a market where new registrations are subject to increasing restrictions.

Located just a fifteen-minute walk from Málaga’s historic centre, the property benefits from independent access directly from the street and is situated on the first floor, accessed via a private staircase. This configuration offers a high degree of privacy and autonomy for both guests and owners.

With a built area of 67 m², the apartment features a layout that is especially attractive from both a usability and investment perspective. It currently comprises one double bedroom, two separate living rooms, one bathroom with shower, and a fully equipped open-plan kitchen. In its current configuration, the apartment comfortably accommodates up to four guests.

One of its key value drivers is that, through a simple and low-impact renovation, one of the living rooms can be converted into a second bedroom. This would allow for a significant increase in accommodation capacity and a direct optimisation of rental performance, without structural alterations.

The apartment is equipped with hot/cold air conditioning, Wi-Fi, television, and washing machine, and is ready for immediate operation with no additional investment required.

The property enjoys stable year-round occupancy and excellent guest reviews. Guests consistently highlight its comfort, accuracy of listing photos, quiet surroundings, and proximity to the city centre. Across major booking platforms, it maintains an average rating of 8.3/10 ("Very good”), based on verified reviews.

Its location further strengthens its appeal: just over one kilometre from the historic centre and close to Málaga’s cultural, commercial, and gastronomic areas, as well as La Malagueta Beach, it offers an ideal balance of accessibility, tranquillity, and sustained tourist demand throughout the year.

From an investment standpoint, the apartment delivers an estimated gross annual return of approximately 10%, in its current configuration, with clear upside potential through internal reconfiguration. Its valid tourist license ensures operational continuity and legal stability in an increasingly regulated urban market.

In summary, this is a turnkey investment with a consolidated tourist license, proven income, optimisation potential, and the legal certainty investors seek in one of Europe’s most dynamic urban destinations.