Flat for sale in Portazgo, Madrid city, Madrid

Are you looking for a unique investment opportunity in Madrid?

Property sold under a bare ownership arrangement, an ideal formula for investors seeking long-term returns in one of Spain’s cities with the highest demand and strongest real estate prospects.

Property information:
- Location: Madrid.
- Area: 72 m².
- Condition: The property is in good condition.
- Year built: 1974.
- Other notable features: Apartment with a functional layout and excellent appreciation potential, located in an established building.

About the area:

Located in Madrid, a dynamic, well-connected city with high residential demand throughout the year, ideal both for property investment and portfolio diversification.

- Transport: Excellent public transport network with metro, urban and interurban buses, and commuter rail, as well as easy access to the main roads.
- Nearby services: Wide range of supermarkets, health centers, hospitals, schools, shopping areas, and all kinds of essential services.
- Leisure and recreation: Great variety of green spaces, parks, and cultural, dining, and leisure options, making Madrid one of the most attractive European capitals in which to live and invest.

An investment with a social impact

With this investment, the current owner, a 67-year-old man, will retain the lifetime usufruct of the property, ensuring his peace of mind and well-being.

Once the usufruct ends, the buyer obtains full ownership of the property, an asset with high appreciation potential in a city with a solid and growing real estate market.

Financial terms:

- Price: €145,013.

Associated costs:
- To be paid by the owner:
- Property tax (IBI).
- Extraordinary community fees, if applicable.
- Building insurance.

To be paid by the usufructuary:
- Ordinary community fees.
- Municipal waste collection charges.
- Utilities.
- Home contents insurance.