The el Terreno district is idyllically located between Bellver Park, the green lung of Palma and the lively Paseo Mariatimo.
This property is an investment or return object, as all residential units are rented out, and the buyer could significantly increase the value of a renovation.
The plot with 1,100m² comprises 4 buildings with a total of 16 separate residential units, garden, sun terraces and 7 garages.
The distribution is as follows:
Building 1:
Ground floor: 2 small apartments with 1 bedroom each
1st floor: 1 large apartment with 2 bedrooms
2nd floor: 2 apartments with one bedroom each
3rd floor: Penthouse with 1 bedroom
Building 2:
7 accommodation units, a total of 9 bedrooms
2 floors
1 gardener’s apartment
Building 3:
Bungalow with 80m²
Building 4:
Bungalow with 60m²
Each unit has a private terrace and either garden or sea views.
Total rental income currently: about 8500,-€ monthly
With some modernisation measures, these revenues can be significantly increased.
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