3-Bed Apartment in Madrid, Spain

  • Listed on Airbnb: Since 2017 (4.63 rating)
  • Revenue from bookings: €26,600/year
  • Operating costs: €13,500/year (including rental management)
  • Net profit: €13,100/year
  • Cap rate: 7.70%

Property

This newly renovated and furnished apartment, located in the northern part of Madrid’s city center, offers a bright and family-friendly living space. Situated near the Santiago Bernabeu stadium and the Corte Inglés on Paseo de la Castellana, the apartment is surrounded by a variety of shops and restaurants. Convenience is key, with the Four Ways metro station and several bus stops just a three-minute walk away.

The apartment comprises three independent bedrooms. The first features a 1.50 double bed, an en-suite bathroom with a shower, and a walk-in closet. The second bedroom is a single room with a 90 bed and a large wardrobe, while the third room offers a 1.35 double bed and a comfortable layout. There’s also an additional bathroom equipped with a shower, along with provided gel and shampoo.

The kitchen is both modern and straightforward, featuring an induction hob, washing machine, dishwasher, refrigerator with cold water bottles, coffee maker, kettle, and microwave. It is fully equipped with crockery, cutlery, glassware, including water and wine glasses, as well as a set of pans and saucepans for guests who wish to cook.

In the living room, you’ll find a three-seater sofa, an armchair, TV, ADSL, air conditioning, and a dining table for four, with an extra chair available in the main room. The apartment is comfortably temperate, neither too hot in summer nor too cold in winter.

Buying costs

  • Transfer tax: €15,000*
  • Notary fees: €800*
  • Property tax: €390/year*

*Approximate costs

To schedule a viewing or request more information contact us.