Apartment 50 Meters from the Sea
Just 50 meters from the sea in a serene and quiet area with all necessary services nearby, but far from mass tourism and large hotels.
Property Details
- Price (Current Condition): €110,000
- Size: 65 sqm
- Layout: Open-plan living room with kitchen, spacious bedroom, and bathroom with a bathtub.
- Renovation: Owners personalized the space with features like an open-view shower in the bedroom and a TV in the bathroom, positioned for relaxation in front of the tub.
- Final Price (Renovated and Furnished): €140,000
Investment Potential
The apartment’s current value is estimated at €200,000 or more post-renovation. If rented to tourists at an average of €80 per night, it could generate €1,500–€2,000 per month, providing an annual gross income of €18,000–€24,000.
Since Tenerife has no low season, the property offers consistent rental income. After deducting management costs (utilities, cleaning, maintenance), the net annual yield remains above 10%.
Taxes and Costs
Property taxes in Tenerife are very low. For this apartment, the annual tax amounts to less than €300.
Why This Apartment?
- Prime Location: Proximity to the sea and a tranquil setting, ideal for both personal use and tourist rentals.
- High ROI: Exceptional gross and net yield potential, offering long-term profitability.
- Low Running Costs: Affordable taxes and manageable maintenance expenses ensure strong net returns.
Contact Us
Let’s Discuss the Opportunity!
For more details or to schedule a visit, call us at +34 652 013 017 or mail us at info@syskrack.com.
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