Apartment of 80 m² living space located in the district of Camins El Grau, only two blocks away from the old racing track that will be newly developed in the near future. The spacious apartment located on the first floor is in a good condition. The unit is currently not rented.
The is divided in: hall, living room, kitchen, three bedrooms and one bathroom. The property would be perfect to rent out to students. Since it is near the Avenida del port and 2 km away from the Valencia Polytechnic University (Universidad Politécnica de Valencia (UPV)).
The apartment is part of a home association. The contribution for this association yearly is € 30,-
Asking price: € 170.000,-
The apartment is currently not rented, the forecast of the yearly rent = € 10.800,-
Town hall tax (IBI) = € 125,- per year (0.723% per year)
Home Owners Association fee = € 360,- per year
Total = 485,- per year
Forecast return: € 10.315,- per year
Forecast net yield: 6,07% per year