We would like to introduce you to our new investment opportunity, RENT AND SELL IN 30 MONTHS! Join this property share and be the owner of this property!
The operation consists on buying, renovating, renting and selling on 30 months this property located in Cruz Verde Street 20, in the “Malasaña” neighbourhood, in Madrid.
Properties in Malasaña are the ones with the highest revaluation in Madrid at the moment. It is a consolidated commercial area since Fuencarral street was adapted for pedestrians only a few years ago. There is an infinity of design restaurants, and an extremely varied gastronomic offer.
In an area of Madrid where the youth coexists with adults in perfect harmony, parents and kids also have their areas of interest, (museums, squares, parks, etc) and of course the Barceló market another commercial and touristic impulse that has diversified even more the area.
The renting price will be 1200€ per month. The renting that we consider is average so we are sure that we can rent it for more than the expected.
Once renovated it will be put on the rental market immediately, and through experience we can almost assure that this type of properties are usually rented in under a week.
The duration of the project is set at 30 months, so the net cumulatively (renting + selling) Is estimated to be over 19,49%.
Currently it has no elevator but the building community is aware and they are processing the formalities for the approval and installation of it. For this reason, we have established a contingency for unforeseen events of 14.552€, which makes the net profitability descend a little but makes the selling even easier in 30 months, with the possibilities of selling it for a higher price than the established.
Buy Malasaña:
• A neighbourhood in Madrid where the rent keeps on growing (€/m2) in properties, even more than Salamanca, Retiro or Chamberí.
• Safe, secure and fast rent over the market price due to the huge interest that this neighbourhood generates for national and foreign clients, thanks to its wide and varied commercial, gastronomic and leisure offers.
• Excellent buying price per m2, achieving a purchase of 25% above the market price.
• Added profitability expected thanks to the added value of a turnkey model renovation and the type of property, perfect for the market demand in this area.
Area: 52m2
Bedrooms: 2
Bathrooms: 1
Additional Information: 4th floor, attic, high ceilings
In Spain, Housers is a crowdfundig platform registered next to CNMV (Spanish Regulator) with register number 20. Housers is a platform that facilitates access to loans related to real estate transactions promoted by third-party companies, previously analyzed and validated. Housers does not offer financial advice and none of the proposed activities should be considered as such. The analyzes shown in these pages are general information and do not in any way constitute specific advice. The projects illustrated are not subject to the supervision of any national or international financial authority or regulator. The transactions presented are forecasts only and as such, they may be subject to change. Investing through Housers involves risks, including illiquidity, loss of investment, and it should only be done as part of a diversified portfolio. Your capital is at risk.
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