Studios Benalúa 3A

Perez Medina 31, alicante

Funded

97.468 € (100%)

Total

97.468 €

361 Investors

Under Management

Operation Total:

97.468,27 €

Mortgage:

0,00 €

Total to finance:

97.468,27 €

Internal Rate of Return (IRR):

12,19 %

Gross Rent Return

12,31 %

Net Rent Return

6,08 %

Cash on Cash

8,10 %

Return on Equity (ROE)

6,08 %
What do these figures mean?

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.

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Studios Benalúa 3A

Perez Medina 31, alicante

Funded

97.468 € (100%)

Total

97.468,27 €

361 Inversores

Under Management

Funded

97.468 € (100%)

Total

97.468,27 €

361 Inversores

Under Management

Operation Total:

97.468,27 €

Mortgage:

0,00 €

Total to finance:

97.468,27 €

Internal Rate of Return (IRR):

12,19 %

Gross Rent Return

12,31 %

Net Rent Return

6,08 %

Cash on Cash

8,10 %

Return on Equity (ROE)

6,08 %
What do these figures mean?

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.

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Property information
Project summary
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Documentation
Market study
Project summary

Why invest in this apartment?

Very high yields

Estimated IRR of 12.19%

High rental demand

ensuring a consistent occupancy rate and a stable source of rental income.

Potential for appreciation

and continuous income generation thanks to its attractive location.

Information about the apartment

This new opportunity corresponds to the first apartment on the third floor of the Benalua building. This third floor consists of two apartments and each of the apartments will have its own independent cadastral reference. In turn, each apartment on this floor will be subdivided into two individual and fully functional studio apartments, as we have mentioned in our blog. In addition, it is important to note that the subdivision of the property into studio apartments is a legal and common practice in the real estate market. Many individuals and companies have used this approach successfully to maximize the income potential of a property.

Each studio will be fully equipped with all the amenities necessary to function as a normal apartment. Each studio will have a fully equipped kitchen, a private bathroom, and a double bed. In addition, it will have a washing machine and refrigerator, as well as all the necessary utensils for a comfortable and functional stay that will provide tenants with privacy and comfort. While it is true that the subdivision into studio apartments may require a higher initial investment, the demand and scarcity of supply in this segment allows for greater control in the selection of tenants and in turn increases profits.

Another important aspect to highlight is the location of these apartments, as they are located just 10 minute's walk from El Corte Ingles and the AVE train station. Therefore, it has all kinds of services nearby, such as bars, restaurants, and leisure areas, among others. However, the highlight of its location is its proximity to the old town of Alicante, one of the most tourist areas of the city that is about 10 minutes walk away. This will generate a high demand for rooms, on the one hand, from workers in the leisure and tourism sector and, on the other hand, there will be demand from tourists for vacation rentals.

 The main reasons to invest in this opportunity are:

  1. Price: We have obtained an unbeatable price for the property, with a cost per square meter approximately 65% lower than the average value per square meter for apartments in the area. As a result, we will have the flexibility to sell quickly at a higher price in the future.
  2. High Rental Demand: Studio apartments are in high demand by young professionals, students, and couples looking for a convenient and affordable living solution.  This high demand ensures a steady occupancy rate and a stable source of rental income.
  3. Condition: High-quality finishes, contemporary designs, and efficient space distribution. This makes them an attractive option for those looking for affordable housing.
  4. Flexibility and Adaptability: The compact nature of studio apartments allows for versatile use. These spaces can be adapted for both long-term and vacation rentals, expanding income-generating opportunities and adapting to changing market needs.
  5. Versatility: By owning the entire building, we can obtain a tourist apartment license, which will allow us to exploit it for long-term rentals or vacation rentals. Being in a very central location, this project will become a continuous source of income.
  6. Potential: The characteristics of this property and, above all, its acquisition price mean that it has a great potential to be revalued and generate constant and continuous income. The property is in a highly demanded and valuable location.
  7. Location: Very strategically located, just a few minutes walk from the main attractions of the city:
  • - Mercadona: 3 minutes (230 meters).
  • - Spar Supermarket: 4 minutes (300 meters)
  • - Mas y mas supermarket: 5 minutes (500 meters)
  • - El Corte Inglés: 10 minutes (750 meters)
  • - Train station and AVE (high-speed train): 10 minutes (750 meters)
  • - Bus station: 10 minutes (750 meters)
  • - Arniches Theater: 7 minutes (600 meters)
  • - Alicante downtown: 15 minutes (1000 meters)
  • - Alicante Central Market: 20 minutes (1500 meters)
  • - Alicante promenade: 15 minutes (1000 meters)
  • - Alicante Mediterranean Casino: 24 minutes (2000 meters)
  • - Postiguet Beach: 30 minutes (2300 meters)


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City

Alicante

Neighborhood

Benalúa

Antiquity

1960

Property registry number

8857217YH1436 H0001Y

Type of property

Coliving

Type of investment

Residential

Square meter

80

Number of rooms

2

Number of bathrooms

2

Manager

Brickstarter

Promoter

Brickstarter

Location

Situated just a 10-minute walk from El Corte Inglés and the AVE train station

with nearby amenities such as bars, restaurants, and entertainment areas.

Proximity to Alicante's old town

a tourist area that will generate demand for rooms both from locals and the tourism sector

Strategically located

within minutes of supermarkets, transportation stations, theater, Alicante city center, and the seaside promenade.

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