Apartment for sale in Almagro, Madrid city, Madrid

This exterior apartment to renovate is located in Almagro, one of Madrid's most elegant and prestigious neighborhoods, on Calle Rafael Calvo. Situated on the third floor of a 1950 building with an elevator and an on-site concierge, it offers 134 m² built according to the cadastre, of which 121 m² correspond to living space. Its exterior orientation and expansive windows provide a pleasant sense of spaciousness and natural light.

The property currently features a large, bright living-dining room with a wide street-facing picture window, alongside a second living room/library that is also exterior-facing with generous windows. It offers two bedrooms—though the library could easily serve as a third bedroom—with the primary bedroom featuring an en-suite bathroom, plus a second bathroom that serves both the second bedroom and guests. The spacious kitchen is independent, and the heating is centralized natural gas. The apartment provides an exceptional foundation for a renovation project tailored to a contemporary residential lifestyle. A proposed renovation layout comprises 3 bedrooms and 3 bathrooms with an open-plan kitchen integrated into the living area.

Living in Almagro means enjoying one of Madrid's most established and stately districts, characterized by classic architecture, peaceful streets, and a prime selection of restaurants, boutiques, and services. Its versatile layout, address, and renovation possibilities make it an especially compelling opportunity for investors seeking strong capital appreciation potential.

The property offers the option to purchase a generous garage parking space on Calle Zurbano for €70,000, a highly sought-after asset in this neighborhood. An opportunity to design a bespoke home in one of Madrid's finest locations.

Can you imagine living here?