Discover a Unique Investment Opportunity in Old Town Altea

If you’re in the market for a standout real estate investment, look no further than this fantastic building right in the heart of charming Old Town Altea. Imagine owning a property that not only offers 11 fully furnished rental apartments but also allows you to tap into two lucrative markets—long-term student rentals and seasonal holiday stays. Sounds intriguing? Let’s dive in!

A Closer Look at the Apartments

This building boasts a total of 11 apartments, catering to various rental needs. You’ll find 6 spacious three-bedroom units, perfect for families or groups. There are also 3 two-bedroom apartments, offering flexibility for shorter stays. And don’t forget the stunning 2 penthouses—yes, that’s right!—each with three bedrooms. All of these are equipped and ready, so you can start renting them out immediately. Talk about a turn-key investment!

Exceptional Amenities

One of the standout features of this complex is the secluded pool area, giving tenants a peaceful retreat after a long day or a refreshing splash during the hot summer months. Additionally, you’ll have the convenience of 7 closed garages for private parking, which is a huge plus, especially in a popular area like Altea. Your future renters will appreciate having a secure place for their vehicles.

Current Operations and Future Potential

Currently, this building operates as a successful business that caters primarily to students and teaching faculty from the nearby university. Offering long-term rentals during the academic year ensures steady income. In the summer months, you have the option to take advantage of high demand with seasonal rentals, accommodating vacationers from July to September. It’s a smart mix that keeps revenue flowing year-round.

Maximize Your Investment with Horizontal Division

If you are looking to increase your rental yield even further, this property has horizontal division potential. This means you could transform some of these larger apartments into one-bedroom units, enhancing their appeal for singles or couples and increasing your rental income. Think of all the new possibilities!

Why Altea?

Old Town Altea is not just a pretty face; it offers a blend of culture, stunning views, and a relaxed lifestyle that attracts both locals and tourists alike. Its picturesque streets, vibrant community, and proximity to beautiful beaches make it an irresistible destination. Investing here not only means owning prime real estate but also being part of a thriving community.

Get in Touch

Are you ready to explore this unique investment opportunity in Altea? Whether you’re an experienced investor or just starting, this building presents the chance to diversify your portfolio. Don’t miss out—contact us today for more information and to arrange a viewing. This is your chance to make a smart investment in one of the most beautiful towns on the Spanish coast!