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Oviedo
Gross Yield:
5%
Time to pay off with rent:
16.7 years
Price Difference:
-15%
Expected Rent:
650€/month
This charming apartment, originally built in 1962, is now available for sale. Spanning 85 square meters, this property is situated on one of the main streets in the Masip neighborhood of Oviedo, offering both convenience and a vibrant local atmosphere. The layout includes a spacious living room, two cozy bedrooms, and a small terrace that adds a delightful outdoor space. The kitchen is also in need of renovation and is accompanied by a utility area for added practicality. Additionally, there is a third bedroom which faces an inner courtyard, providing a quiet retreat from the street hustle. The apartment benefits from robust central services, with consumption distributors already installed, ensuring efficient energy management. Current renovations are underway to eliminate architectural barriers in the building's entrance, and the costs associated with this improvement have already been settled. The annual property tax (IBI) stands at 388€, while the community fees for central services are 150€ per month. This property offers a wonderful opportunity for those looking to invest in a space that can be transformed to meet modern standards and personal tastes.