Flat for sale in San Diego, Madrid city, Madrid

Opportunity for investors in one of the areas with the highest rental demand and the fastest turnover in Madrid. A 28 m² apartment for 115,000 on Calle Peña Ubiña, 20, in the San Diego neighborhood (Puente de Vallecas). Real estate product for investor profiles seeking returns and positive cash flow from the very first minute, as the property is sold with a tenant (currently rented).

The home is located on the basement floor of a building constructed in 1958. It stands out for its direct access to an interior courtyard of the “corrala” type, providing private outdoor space and ensuring proper ventilation. It has the following layout: living room with an integrated kitchen in an open-concept design, one separate bedroom, and a full bathroom. As it is a 28 m² apartment, monthly fixed expenses for the community and IBI are low, which optimizes the net return on the investment.

The property needs renovation, which is an opportunity to upgrade finishes, increase the asset’s value in the market (Equity Add), and raise the rental income once the current lease contract ends.

Strategic location due to its proximity to the city center. A 3-minute walk (250 meters) from Avenida de la Albufera, with immediate access to the Nueva Numancia and Puente de Vallecas Metro stations (Line 1), connecting to Estación de Atocha in just 7 minutes and to Puerta del Sol in 12 minutes. Easy access to the M-30 and good bus connections. The neighborhood offers street-level commercial life, with the Mercado de Puente de Vallecas next door, supermarkets, 24-hour pharmacies, bank branches, the Peña Gorbea Health Center, and green areas such as Parque del Cerro del Tío Pío.