Commercial apartment building in Benidorm, Spain, 2 000 sq.m

A new building with 28 apartments is located in Benidorm, Spain. There are 29 parking spaces, 15 storerooms. The Bank sells the building for 47% of the price. Fully built, nothing needs to be completed or repaired. The investment strategy is to buy and sell apartments, the demand in Benidorm is high, such projects are bought out by half in the first 3 months of sale. Currently, some of the apartments are rented out.

Investment idea:

Sale price: 3.500.000 euros

Market value: 7.407.975 euros

Rent per week: from 400 euros per week/apartment

Resale income: 3.907.975 euros

Resale period: 18-20 months