Flat / apartment for sale in Calle Maestro Caballero
1 Bed • 1 Bath • 65 m² • Floor 0
€149,500
AI Analyst
Long-term Rental"Fully renovated 1-bedroom apartment in central Campoamor, converted from commercial space, offers strong rental yields and proximity to key city amenities, but faces legal and licensing complexities that may impact investment certainty."
Pros
- •Prime city center location near central market and services
- •Fully renovated, turnkey condition
- •High estimated rental yield (~7.7% gross)
Cons
- •Change of use to residential not yet submitted, creating legal risk
- •Tourist license not transferable; future short-term rental use uncertain
- •Converted from commercial space, may have non-standard layout or compliance issues
Description
2 commercial spaces converted into housing with a project prepared for a change of use, only lacking submission. It was not submitted because the property currently has a valid tourist license and uses it for rentals. It is not offered with a license because as soon as it is transferred and the change of use to housing is made, it would be canceled. High profitability in rentals due to its location in the city center, just 2 minutes from the central market and other services. Ideal for long-term rentals or temporary rentals for professionals, etc. Fully renovated with everything like new. Living room, open-plan kitchen, and bedroom, very large bathroom with shower.