Description
Located in the charming historic center of Palma, next to the iconic Plaça de Cort, this building in Mallorcan style from 1930 represents an exceptional investment opportunity for discerning buyers. The property retains its authentic charm and offers tremendous potential for enhancement through renovation, which would increase both comfort and financial profitability.~~? Investment Details:~ • Total Price: 990,000 €~ • Current Monthly Income: 4,700 €~ • Current Annual Yield: +5%~ • Potential for Increase: a well-planned renovation could raise monthly income~ • Availability: 3 independent apartments~ • Sizes: 54 m², 71 m², and 120 m² (duplex)~~Apartment Features:~~ 1. Apartment 1: 54 m², 1 bedroom, 1 bathroom, private balcony.~ 2. Apartment 2: 71 m², 1 bedroom, 1 bathroom, private balcony.~ 3. Apartment 3 (Duplex): 120 m² on two levels, 2 bedrooms, 2 bathrooms, balcony, and potential for a private 16 m² terrace.~~The apartments, which require renovation, showcase an authentic style and retain valuable original features, ideal for those seeking a property with historical charm. With appropriate improvements, these spaces can be transformed to enhance both the property’s value and monthly income.~~Why Invest in This Building:~~ • High and Growing Profitability: Current rental income of 4,700 € per month offers a 5% annual yield. With renovations, profitability could be further increased.~ • Strategic Location: The central position next to Plaça de Cort is highly sought after, perfect for living or investing in the heart of Palma.~ • Potential for Value Appreciation: The option to add a private 16 m² terrace in the duplex apartment offers additional value growth opportunities.~~This building is a rare investment opportunity in Palma’s historic center, combining the charm of the past with excellent economic potential. Ideal for discerning investors looking for an exclusive property with outstanding value appreciation prospects.~~? Don’t miss this unique opportunity. Contact us today for more information and to schedule an exclusive viewing.
