Calle Lucena 39, Castellón de la Plana
Funded
Total
120 Inversores
Completed
Funded
Total
120 Inversores
Completed
Operation Total:
Mortgage:
Total to finance:
Internal Rate of Return (IRR):
Gross Rent Return
Net Rent Return
Cash on Cash
Return on Equity (ROE)
Total operation: Total project investment.
Mortgage: Banking financing that will be requested to achieve the project.
Total funds: Funds requested from investors.
IRR: Return offered by the investment.
Gross Return on Rent: Total rent income divided by the total cost of the operation.
Net Rent Return: Return of the investor for the rent (once all the expenses of the project have been deducted), with respect to the total of the operation.
Cash on Cash: Income obtained by the shareholder in relation to his investment.
ROE: Net Financial Return for the Shareholder.
If you invest:
The minimum investment amount is {{ limiteInversion }} €
You earn:
In total for the {{ rentabilidadAcumulada }}% Accumulated Net Profit.
The objective is to sell the property as soon as possible, which will result in an IRR higher than initially estimated.
Estimated IRR of 11,32%, although it will skyrocket if we sell the property in less than a year.
The conversion from commercial to residential use significantly increases the property's value.
We present a new investment opportunity from our flipping strategy planned within The Lucena Project.
You can learn more about our flipping strategies here, and discover the details of the Lucena Project here.
The project involves acquiring two adjacent commercial premises that will be transformed into five individual studios, each with its own cadastral reference. Value will be generated through renovation, change of use, and horizontal division. Additionally, the studios will be furnished to offer a turnkey product for the final investor.
The goal is to provide an exclusive product: modern studios, accommodating two people, in an excellent location and at an affordable price that attracts a variety of investors.
This flipping model is our new line of more dynamic projects, with higher capital turnover and attractive returns for our investors.
Transforming commercial spaces into residential units is an innovative strategy that leverages urban growth and the high demand for affordable housing solutions.
The target price of €84,527, including renovations and furnishings, is highly attractive compared to the local market, ensuring a quick sale or high occupancy. This advantage facilitates rapid commercialization, whether through sale or rental.
A controlled initial cost combined with potential income positions the IRR at 11.32%, making it a competitive option in the market.
Studios tend to appreciate quickly due to their affordability and strong urban demand, ensuring both short- and long-term returns with significant market appreciation potential.
They generate proportionally higher income, with each studio estimated to produce €9,000 annually in rental income.
They attract a wide range of tenants, from students to professionals and expatriates, ensuring consistent demand even in more competitive markets.
Profitable properties, similar to this one that are generating profits to their investors
Similar Property
It rents for 750 euros per month.
Similar Property
It rents for 730 euros per month.
City
Castellón de la Plana
Neighborhood
Castellon de la Plana
Antiquity
1998
Property registry number
2004930YK5320S0007WF
Type of property
Flipping
Type of investment
Residential
Square meter
56
Number of rooms
1
Number of bathrooms
1
Manager
Brickstarter 004
Promoter
Brickstarter
High demand not only from professionals, but also from patients.
Right in the commercial center, with restaurants and supermarkets nearby.
Main city park
Soon you will receive an email to confirm your Brickstarter account.
We hope to see you soon!