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Price: 210.000 €

Investment for sale

Tenerife, Adeje, Tijoco Bajo


Reference03085
Operating profitability5.31%
Profitability on resale25%
Last Update02-10-2020


Comments

Building located in Tijoco Bajo. Composed of 4 one-bedroom apartments of 50 m2 each. There is the possibility of building one more floor adding 2 more apartments. Approximately the investment of 60,000 euros more.

Profitability of exploitation: with 6 apartments in long-term operation, at a realistic price for the area of ​​€ 350 / month per apartment, € 2,100 / month would remain. Doing a simple calculation would not give 5.5% annually.

Resale profitability: turning it into a 6-apartment building with an approximate investment of 60,000 euros, with the sale price of € 60,000 for the apartment, the total would be € 360,000, which means a return of 25%. Approximate sale period of 2 years in normal market situation.


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