61.4 m²
3
1968
✓ VERIFIED
29/05/2028
3.5%

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61.4 m²
3
1968
✓ VERIFIED
29/05/2028
3.5%
Apartment rented, with tenant up to date with payments and current income through a contract valid until 2028.
The apartment has 53.39 m² of usable space , distributed into an entrance hall, kitchen, three bedrooms, and a bathroom. It is an exterior unit, located on a high floor, and features a balcony and elevator, characteristics that enhance the property's functionality and make it suitable for residential use.
The property has been renovated. The kitchen and bathroom have been updated, and the building's facade has recently undergone SATE (External Thermal Insulation Composite System) renovation, an intervention designed to improve its thermal performance. The apartment also includes appliances.
The contract allows for rent increases based on the Consumer Price Index (CPI), although there is no record of this increase having been applied. The property is also eligible for rent default insurance, subject to the corresponding terms and conditions and assessment.
The surrounding area includes the Sarriko station, integrated into lines 1 and 2 of Metro Bilbao, as well as the Bilbao-Sarriko headquarters of the University of the Basque Country, elements that facilitate mobility and access to educational services.
For the investor, the property combines current income, a defined lease term, and a three-bedroom layout in a renovated apartment. The balcony, elevator, and improvements made to the property and building complete a residential investment with a lease management agreement already in place.
On our website you can find more information about renting and related expenses.
Inviertis provides real estate investment solutions to all types of investors according to their objectives and risk management, accompanying them throughout the process and providing products and services that maximize returns, and offers access to an exclusive portfolio of income-producing properties.
QUALITY OF THE AREA
Juan de Urbieta, 4, Bilbao, Bizkaia
Flat
61.4 m²
53.39 m²
3
1
1968
Reformed
Yes
Reformed
Yes
Property Reference: 2120
Lease type
HabitualSublease
NoSecurity deposit
€650Is there a right to purchase?
YesUpgradable to the IPC
YesIPC updated
-Animals allowed
NoAvailable Proceedings
Yes
Purchase price
Monthly rent
Acquisition costs
Total Initial Investment

Revenue
Current annual rent
Annual rent increase
Vacancy factor
Expected income 2º year
8,474.76 €Expenses
Total operating expenses
1,148.8 €Net operating cash flow
7,251.2 € Mortgage
Net cash flow
7,251.2 €A selection of properties carefully chosen by our team.