Flat for sale in Benalmádena, Málaga

We present a magnificent property divided into two independent apartments, perfect for investors seeking exceptional returns. This unique property offers a spacious private outdoor area of over 45 m², ideal for installing a plunge pool or creating a children's garden.

Main Features

Private Terrace/Garden:

- Over 45 m² of exclusive outdoor space

- Although registered as a common area, it is for the sole and private use of the property owner

- Perfect space for a plunge pool

- Ideal for a children's play area or garden

- Requires a restyling to maximize its potential

Apartment Layout

Main Apartment:

- 2 spacious bedrooms

- 1 fully renovated bathroom

- Kitchen equipped with air conditioning

- The kitchen needs modern cabinetry to complete its renovation

- Bright and functional spaces

Secondary Apartment:

- 1 bedroom

- Comfortable living room

- 1 fully renovated bathroom

- Completely updated and ready to rent

Renovations Completed

✓ Fully renovated bathrooms in both apartments

✓ Renovated kitchen

✓ Air conditioning system installed

✓ Small apartment fully renovated and ready for use

Investment Potential

Property Price: €360,000

Potential Income per Rent:

- Main apartment: €1,250 minimum monthly

- Secondary apartment: €1,000 minimum monthly

- Total monthly income: €2,250

- Total annual income: €27,000

Return on investment:

Approximately 7.5% annually, an excellent return in the current market.

Recommended Additional Investment to maximize the property's potential:

- Modern kitchen furnishings for the main apartment

- Restyling of the terrace/garden

- Estimated investment: Based on preferences and desired quality

Advantages of this Property

- Two rental units for the price of one

- Exceptional private outdoor space (over 45 m²)

- Significant renovations already completed

- Attractive location for tenants

- Immediate profitability

- Potential for appreciation with minor improvements

Conclusion

This property represents a unique opportunity for savvy investors. With most major renovations already completed and a return on investment above the market average, it only requires minor updates to maximize its potential. The private terrace of over 45 m² adds exceptional value, setting this property apart from other options on the market.