Appartement À Vendre À Madrid

187 M2 APARTMENT RENTED IN EMBAJADORES-LAVAPIÉS, MADRID CENTER – OPPORTUNITY FOR INVESTORS (Ref. 10696)

THE PROPERTY
We offer for sale a spacious apartment located on Calle del Duque de Alba, in the Embajadores neighborhood (Centro district, 28012 Madrid). The apartment is on the fourth floor and has 187 m2 built, distributed in 5 bedrooms and 3 bathrooms, a size rarely found in the historic center of the city. The building dates back to 1915 and retains the character of early 20th-century Madrid residential architecture. According to available information, the property is in good condition. The exact door number is not published; it will be provided to interested parties.

THE AREA: EMBAJADORES AND LAVAPIÉS
Calle del Duque de Alba is located between Plaza de Tirso de Molina and the La Latina area, in Madrid’s historic center and just steps from Lavapiés. It is one of the most traditional and lively areas of the capital, with local shops, markets, bars, restaurants, and a vibrant cultural scene. Nearby are the Collegiate Church of San Isidro, Plaza de Cascorro, and El Rastro market, with Plaza Mayor and Puerta del Sol just a few minutes on foot. For transport, the closest metro stations are Tirso de Molina (Line 1) and La Latina (Line 5), and the area is served by numerous city bus lines.

STATUS: RENTED PROPERTY
Important: the apartment is currently RENTED and cannot be visited, so no viewings are possible. The buyer assumes the existing lease contract, meaning they take over the position of the current landlord with all rights and obligations established by the contract (rent, duration, renewals, deposit, updates, etc.). We recommend carefully reviewing the lease agreement and its status before completing the purchase. This transaction is not suitable for mortgage financing. The property is sold as is, in its current condition.

PRICE
Price: €1,066,000, approximately €5,700 per m2 built. No brokerage fee for the buyer.

TAXES AND BUYER EXPENSES
As this is a second-hand property in the Community of Madrid, the sale is subject to the Property Transfer Tax (ITP) at a general rate of 6% on the transaction value (about €63,960 on the listed price), plus the Documentary Legal Acts Tax (AJD) if applicable. Additionally, notary, property registry, and, if applicable, management fees are borne by the buyer. The amounts for property tax (IBI) and community fees are pending confirmation. The energy certificate rating will be confirmed. We advise consulting a tax or legal advisor regarding each buyer’s specific situation.

INVESTOR PROFILE
This apartment is especially suitable for investors seeking a real estate asset in central Madrid with an existing rental contract, in a central location and with a size hard to find in the area. It is designed for buyers with the capacity to pay without needing a mortgage.

CONTACT
For more information, to request documentation, or to resolve questions about the transaction, please write to us indicating reference 10696 only.