16-UNIT RESIDENTIAL BUILDING
Madrid, Spain
Price
€7,425,000*
* + agent intermediation fees payable by the buyer.
Description
Residential building for sale at Calle Valverde 42, in central Madrid. Built in 1900 on a 296 m² plot, it has 1,416 m² of built area over 5 above-ground floors, with 16 homes and 2 commercial premises. No horizontal division. The building is in good condition, with a favourable Building Assessment Report (IEE) and an E energy rating. It has individual electricity meters for each home and premises; there is no central heating and no lift, although the possible installation of a lift is under study. Property tax (IBI) of €8,800 per year. It currently has 13 tenants with exit agreements between 2026 and 2028, giving the investor a clear horizon for the refurbishment and repositioning of the building.
- City
- Madrid
- Built Area
- 1,416 m²
- Plot Area
- 296 m²
- Energy rating
- —
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Rafael de Martino
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