Benasal Apartamento A

It took us some time, but we have finally found an excellent investment opportunity!

As you know, there is currently a real boom in the promotion of apartment shares. This, along with recent legislative changes, has caused the supply of properties to hit historic lows, making it increasingly difficult to find good investment opportunities.

The opportunity we present is the transformation of a commercial space into a modern dwelling, as we have explained on our blog.

This is a charming property located on Carrer de Benasal in Castelló de la Plana. This commercial property will be transformed into three independent residential units. This opportunity is the first of them: a 68-square-meter home with two bedrooms and two bathrooms.

This project is situated in a high-demand residential area, surrounded by pharmacies, supermarkets, public transportation, and parks. Additionally, it is just a few minutes away from hospitals and educational centers, which increases its appeal to families and professionals. This strategic location ensures high demand and market stability, making this investment a safe and profitable option.

The property, after transformation, will feature a modern and functional design, ideal for small families and professionals. The proximity to essential services and points of interest such as pharmacies, restaurants, and schools ensures an excellent quality of life for its future residents. The high demand in the area, combined with the quality of the property, promises constant occupancy and significant appreciation.

The total cost of the operation amounts to 77,977 euros. However, the investment offers a significant profit margin, as the projected selling price is 93,572 euros. This selling price is strategically set below the maximum market price, which has been valued at 98,041 euros, thus ensuring a competitive advantage.

Furthermore, the project offers an internal rate of return (IRR) of 11.61% and a cash-on-cash return of 7.32%, ensuring a high return on initial investment and positive cash flow. This combination of factors makes this opportunity one of the most lucrative and secure in the real estate market of Castelló de la Plana.

With an unbeatable location, high market demand, and significant appreciation projection, this project is designed to offer excellent profitability and long-term stability.