Valencia, Calle de Denia 68

Description

This exclusive property on Calle Denia 68 presents a unique investment opportunity in the heart of Russafa, one of Valencia's most popular neighborhoods. The building has 450 sqm divided in 8 modern apartments, 2 on each floor, each designed with high-quality finishes and contemporary amenities, which results for all apartments in a rating of at least 4,7* on Airbnb. 

Investment Highlights:

• Average Daily Rate (ADR): €150
• Occupancy Rate (OR): 80%

With an expected ADR of €150 and an OR of 80%, the building generates a strong and consistent revenue stream. 

Giving it a gross rental income of €350,400 annually.

This income is based on the average of the comparable tourist apartments in the area. Please note that from this rental income still needs to be deducted an optional 17,5% short stay management and 8% property management, and 19 or 25% income tax depending on the buyer.  

The net rent after tax is estimated €184.525 annually. 

Location Overview: Russafa, Valencia

Russafa is one of Valencia’s most dynamic and culturally rich neighborhoods, blending historic charm with modern vibrancy. Known for its eclectic mix of traditional Spanish architecture, trendy boutiques, and a thriving culinary scene, Russafa has become a preferred destination for both locals and tourists.

The area is well-connected, with easy access to public transport, making it convenient for residents and visitors alike. Its proximity to Valencia's city center, as well as major landmarks such as the Central Market and the City of Arts and Sciences, adds to its appeal. Russafa's lively atmosphere, coupled with its community-oriented spirit, attracts a diverse demographic, ensuring a high demand for rental properties year-round.

Calle Denia 68, situated in the heart of Russafa, benefits from this prime location, offering investors not only a profitable venture but also the opportunity to be part of one of Valencia’s most exciting neighborhoods.

Property information