Profitable house in Valencia.

The total area of ​​the building is 917 sq.m. Five floors. 1928 year of construction. The area of ​​the land plot is 272 sq.m. The building consists of nine residential apartments (one of the apartments is a penthouse with a terrace) and a commercial premise leased by a pharmacy.
The sale price per square meter of this object is 1,700 euros. The average selling price of residential premises in the area where the building is located is 1,836 euros per sq.m. The average rental price in the area is 850 euros or 9 euros per sq.m.
Valencia is a city in Spain, the center of the autonomous community of Valencia and the province of the same name. The third largest city in Spain is after Madrid and Barcelona.
The building is located in the elite district of the city.
The cost of the object is 1 560 000 euro. Profitability – 6% per annum. The monthly rental income is 8,550 euros + VAT. The annual rental income is 102 600 euros + VAT. The expected costs for repairs are 150,000 euros. The documents are ready for the deal. Additional information is available upon request.