This building was built in 1860, consists of a 731m2 commercial space.
The rest of the building consists of 10 apartments, 8 of which are managed for mid-term stay rentals through Dasha Living Space, and two apartments are intended for long-term rentals.
The apartments all have three bedrooms, two bathrooms, a living room, an American-style kitchen, and a terrace or balcony where applicable.
The building has been completely rehabilitated, obtaining a B energy certificate.
Located in Ruzafa, one of the most sought-after neighborhoods in Valencia, it maintains an average occupancy of 93% annually.
Project Description
Type
Complete Rehabilitation
Dwellings
10
Ground floor
yes
m2 Dwellings
994,98
m2 Ground floor
731,36
Total Usable Area
1.726,34
Constructed Areas
m2 Dwellings
1.100,65
m2 Ground floor
731,36
Total Constructed Area
1.832,01
Project Data
Equity
42%
Debt
58%
Total Cost
2.795.126,26
Total Cost Euro/m2
1.483,50
Project Start Date
NOV-15
Construction End Date
SEPT-17
Rental Management Date
OCT-17
Construction Months
22,03
Project Management Results
Gross Rental Income 2022
237.437,00
Net Rental Income 2022
168.256,00
Cash Flow 2022
128.928,00
Occupancy 2022
97%
Rental Price/m2 per month
10,80
Cash on Cash Gross
20,36%
Cash on Cash Net
14,43%
Gross ROI
8,74%
Net ROI
6,19%
Energy Efficiency
Energy Certificate
B
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