Flat for sale in Cabanyal-Canyamelar, Valencia city, Valencia

This excellent investment opportunity is a ground floor studio located on Calle Progreso, in the heart of El Cabanyal. The property has 42 m² built (49 m² of graphical surface) and is part of a typical Cabanyal house from 1944, consisting of three levels, which has been recently fully rehabilitated: the exterior structure and all intermediate floors have been reinforced, the roof has been completely replaced, and the electrical installation and sanitation system have been renewed.

Measures have also been taken to protect the flooring against moisture.

The studio, with an open concept, combines the living area, a fully equipped open kitchen, and a sleeping area in one space. It also includes a full bathroom, a storage room, and a small exterior patio, perfect for enjoying sunny days in Valencia. The property will be delivered fully furnished and equipped with all appliances, ready to generate income from the very first moment.

Currently, the studio is rented monthly (midterm rental) for €1,250/month, with the possibility of increasing profitability by renting it out short-term during the summer months, with a minimum stay of 11 nights.

An ideal opportunity for investors looking for a property that is already rehabilitated, in one of the most promising areas of Valencia, just a few steps from the beach, with immediate profitability and no need for any renovations.