Building with tenants in Barcelona (Poble Sec area)

Building with tenants in Poble Sec

The building is located in the center of Poble Sec, next to the metro and Paralell boulevard.

Total area: 1.053 sq.m.
16 apartments
2 commercial premises

Year of construction of the building: 1872.
The building has passed a mandatory technical inspection (IT).

Apartments of various sizes and layouts, 36 m2, 46 m2, 75 m2, 83 m2 and one apartment of 170 m2.

Currently, rental income from all apartments and premises is 11.355 euros per month / 135.600 euros per year.

The gross profitability is 4% per year.
Potential return of 5.6% on new leases after the expiration of these leases.