Madrid Apartment

PLAZA DE PEDRO ZEROLO | 129 m² | 4 BEDROOMS | 2 BATHROOMS | €850,000
💰 EXCELLENT PROFITABILITY FOR VACATION OR RESIDENTIAL RENTAL 💰

Located in the heart of Madrid, in the iconic Plaza de Pedro Zerolo, this 129 m² property is an exceptional opportunity for both investment and residence.

🏡 Classic renovated building with an elevator at ground level and no architectural barriers.
🛏️ 4 bedrooms | 2 bathrooms
🌿 Charming character: wooden structure with exposed beams.
🍽️ Semi-open kitchen: well-integrated yet independent from the living area.
☀️ Balcony with stunning views over Plaza de Pedro Zerolo, offering plenty of natural light.
🔥 Heating and hot water via natural gas.
🚇 Prime location: Overlooking the plaza, just a 2-minute walk from Chueca and Gran Vía metro stations.

💰 Competitive price: €6,589/m², well below the average in Justicia-Chueca.
📈 Guaranteed income: Currently rented for €2,300/month, with tenants interested in staying.
📊 High rental potential: The average rental price in the area is €25/m², meaning potential earnings of up to €3,225/month.

📄 Property tax (IBI): €739/year

With a below-market price and secure rental income from day one, this property is a strategic investment in one of Madrid’s most sought-after neighborhoods.