- Built area
- 157 m²
- Year
- 1912
35 m² adjoining storehouse and garden included
The property
Income-producing houses in Vigo usually come empty and in need of a full renovation before earning the first euro. This one comes with two rented floors and around €1,000 a month in income from day one.
157 m² built over three floors, one home on each, according to the Catastro, plus a 35 m² adjoining storehouse and a garden in front of the house included in the sale. At €245,000, the current rents mean a gross yield of around 5%.
The top floor is rented as a home and the middle floor is rented by the room. Both are in habitable condition, without luxuries and fully working. The ground floor, which connects the entrance with the floors above, needs a full renovation, and that is where the upside lies: once done, it adds usable space and another rental income.
It is a 1912 house, more than a century standing in the same corner of Teis. It has no sea views and does not pretend to. What it offers is something else: a garden of its own in front of the door.
It is for the investor who prefers to buy something that already earns income and improve it step by step, rather than start from scratch with long works and a loan while waiting for tenants.
Many investments make you choose between earning now and having room to improve. This house offers both.
Features
- Two rented floors, around €1,000 a month
- Gross yield of around 5%
- One home per floor
- Ground floor to renovate
- Garden in front of the house
- 35 m² adjoining storehouse
Legal information
- Total price
- 245.000 €. Purchase taxes and costs are paid separately by the buyer.
- Energy certificate
- In progress
- Location
- Teis, Vigo. The exact address is given when the viewing is arranged. View the area on the map →