Flat for sale in Almassora / Almazora, Castellón

Property with expected rental income of at least €600/month and a 10% gross yield

Price: €73,000

This interesting investment opportunity is located on San Felipe Street in Almassora. The property has 100 m² of built area, three bedrooms, and potential rental income of €600 per month, making it ideal for investors seeking recurring income and a property with potential for appreciation.

Property features

Location: San Felipe Street, Almassora.
Floor: first, no elevator.
Built area: 100 m².
Layout: three bedrooms, living-dining room, separate kitchen, bathroom, and small utility area.

An investment with potential income from day one

One of this property’s main attractions is that prospective tenants are interested in renting it for €600 per month, accepting the property in its current condition, with no need to carry out a full renovation beforehand.

This makes it possible to consider a residential rental investment, with potential annual income of €7,200 and an estimated gross yield of 10%, calculated based on the sale price and assuming all twelve monthly payments are received in full.

Land registry status

The property is currently undergoing subdivision and horizontal division procedures, which have been discussed in advance with the notary and Land Registry. The sale as an independent property will be subject to completion of the relevant procedures.

Financial details

Sale price: €73,000.
Expected monthly rent: €600.
Potential annual income: €7,200.
Estimated gross yield: 10%.

An opportunity for those looking to add a three-bedroom property to their portfolio, offering attractive potential rental income and the possibility of making improvements to the property in the future, in line with their investment objectives.