Zorita 20 - Apartment 2

At Brickstarter we are delighted to bring the second opportunity of this year. This second opportunity corresponds to the second property to develop in the Building in Calle Zorita, as was mentioned in our blog and in our first opportunity launched last week.

In our previous blog post, we outlined our ambitious plan to increase value through modifications to land use and horizontal division. We intend to divide a single property (a whole building) into six separate ones, each with a competitive sale price, enabling us to quickly "flip" them. This property is the second of the six.

This second apartment is located on the second floor and it is almost completely renovated. We just need to add the kitchen and add an additional room (easy intervention) and it will be ready to host guests in no time. It will have the same distribution as the apartment downstairs. The property spans 83 square meters and will be converted into 3 spacious Premium rooms. It will feature a shared bathroom and kitchenette.

This is a fantastic opportunity due to its 28% below market value price and a prime location near the University of Castellón, train station, and Ribalta Park, an area with high demand for rental rooms. Additionally, the entire building will be purchased and fully renovated, significantly increasing the overall value of the property.

As previously stated, Castellón is a highly attractive area for investment due to its high demand and a favorable ratio of rental prices to purchase price per square meter.

This 3-bedroom house offers an excellent opportunity for a move-in-ready property. Boasting bright and airy living spaces with modern amenities, this home is perfect for students, workers, and even tourists.