Studios Benalúa 3B

Perez Medina 31, alicante

Funded

112.323 € (100%)

Total

112.323 €

159 Investors

Under Management

Operation Total:

112.323,14 €

Mortgage:

0,00 €

Total to finance:

112.323,14 €

Internal Rate of Return (IRR):

10,84 %

Gross Rent Return

10,68 %

Net Rent Return

5,27 %

Cash on Cash

7,03 %

Return on Equity (ROE)

5,27 %
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 3B

Perez Medina 31, alicante

Funded

112.323 € (100%)

Total

112.323,14 €

159 Inversores

Under Management

Funded

112.323 € (100%)

Total

112.323,14 €

159 Inversores

Under Management

Operation Total:

112.323,14 €

Mortgage:

0,00 €

Total to finance:

112.323,14 €

Internal Rate of Return (IRR):

10,84 %

Gross Rent Return

10,68 %

Net Rent Return

5,27 %

Cash on Cash

7,03 %

Return on Equity (ROE)

5,27 %
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
Financial information
Documentation
Market study
Project summary

Why invest in this apartment?

Very high yields

Estimated IRR of 10,84%.

Rental Profitability

High recurring monthly income 5,27%

Revaluation potential

Thanks to the privileged location and the attractive purchase price, we are able to offer

Information about the apartment

The second apartment on the third floor of the Benalúa building is an excellent investment opportunity for those looking for solid returns in the real estate market. Likewise, this opportunity has the advantage of being a great option for those looking for a comfortable and convenient experience, which will guarantee a stable income.

Each studio apartment has all the amenities necessary for independent living. They have a fully equipped kitchen, a private bathroom, and a double bed. In addition, each one includes a kitchenette, a washing machine, and all the necessary utensils for a complete and functional experience, as we have previously mentioned in our blog.

These studio apartments are designed with the current needs of the real estate market in mind. Studio apartments have experienced a growth in demand due to a variety of reasons, such as changing lifestyle preferences and the rise of young professionals looking for more affordable yet stylish living options. Choosing to convert the space into two studio apartments maximizes the functionality of the space and provides the opportunity for a higher return on investment.

It is also important to mention that the location of these apartments is enviable, as they are only a 10-minute walk from El Corte Ingles and the AVE train station. This means that there will be many people interested due to the wide range of amenities nearby, such as bars, restaurants, and leisure areas. However, the highlight is its proximity to the old town of Alicante, a renowned tourist area that is only about 10 minute's walk away. This privileged location guarantees high demand from both professionals and tourists looking for vacation rentals.

The main reasons to invest in this opportunity are the following:

1. Attractive price: We have been able to obtain an exceptionally low price per square meter for this property, approximately 65% lower than the average value in the area. This gives us the flexibility to make significant gains as the property appreciates in value in the future.

2. High rental demand: Studio apartments are in high demand by young professionals, students, and couples looking for comfortable and affordable living solutions. This high demand ensures a steady occupancy rate and a stable source of rental income.

3. Quality and design: The apartments will be equipped with high-quality finishes, contemporary designs, and efficient space distribution. This makes them an attractive option for those seeking affordable housing without compromising comfort and style.

4. Flexibility and adaptability: The compact nature of studio apartments allows for a variety of uses. These spaces can be adapted for both long-term and vacation rentals, expanding income-generating opportunities and adapting to changing market needs.

5. Revaluation Potential: Given the highly sought-after location and advantageous acquisition price, this project has great potential for revaluation and consistent, ongoing income generation.

6. Strategic location: The apartments are strategically located, just a few minutes walk from the city's main attractions, supermarkets, transport stations, and the charming old town of Alicante. This guarantees a convenient daily life and a high demand from tenants and tourists. Among the main attractions are:

  • Mercadona supermarket: 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 city center: 15 minutes (1000 meters)
  • Alicante Central Market: 20 minutes (1500 meters)
  • Alicante promenade: 15 minutes (1000 meters)
  • Casino Mediterraneo Alicante: 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

Proximity to the old town of Alicante

Only 10 minutes walk from a renowned and high demand tourist area.

Wide range of nearby services

Restaurants, bars, supermarkets and leisure areas within walking distance.

Conveniencia de transporte

Strategic location close to train stations, buses and easy access to the city's main attractions.

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