Flat / apartment for sale in Calle Maestro Caballero
1 Bed • 1 Bath • 65 m² • Floor 0
AI Analyst
Long-term Rental"Fully renovated 1-bedroom apartment in central Campoamor, converted from commercial units, offers strong rental yields and proximity to key city amenities, but requires completion of change-of-use paperwork for residential status."
Pros
- •Prime city center location near central market and services
- •Fully renovated, turnkey condition
- •High estimated rental yield (~7.7% gross)
Cons
- •Change-of-use paperwork not yet submitted, creating legal uncertainty
- •Tourist license not transferable; future use limited to residential or long-term rental
- •Converted from commercial space, which may affect resale liquidity
Description
2 commercial spaces converted into housing with a project prepared for a change of use, only lacking submission. It was not submitted because the property currently has a valid tourist license and uses it for rentals. It is not offered with a license because as soon as it is transferred and the change of use to housing is made, it would be canceled. High profitability in rentals due to its location in the city center, just 2 minutes from the central market and other services. Ideal for long-term rentals or temporary rentals for professionals, etc. Fully renovated with everything like new. Living room, open-plan kitchen, and bedroom, very large bathroom with shower.