€560,000 Apartment

5-bedroom residence to renovate in the Palacio neighbourhood of Madrid

  • MAD5338
  • 5 Bedrooms
  • 2 Bathrooms
  • Size 110m² (1,184ft²)

Spacious 5-bedroom property to renovate with 2 balconies and pleasant views in the Palacio neighbourhood of Madrid City.

The apartment measures approximately 110 m² and is located on the second floor of a turn-of-the-century building in the Palacio neighbourhood, a prime Madrid location.

The entrance opens up to an interior-facing living room which leads to the bedrooms. There are currently 5 bedrooms, however, the property could potentially be reconverted into a 1-2 bedrooms apartment. Three of the bedrooms have balconies that overlook a very pleasant, sunny public square with beautiful views of the Domingo Tres Palacios Palace right in front. The apartment offers 2 bathrooms.

The property requires complete renovation and offers huge potential to reorganise the layout. Ideal property for investors with good potential short-term rental yield, or as a second residence in the city.

Distribution

  • Living room
  • Kitchen
  • 5 bedrooms
  • 2 bathrooms
  • 2 balconies

Location

Property located just a few minutes away from the Opera square and underground station. It is right in front of Plaza de Ramales. Calle Arenal is nearby where we find many bars and shops. The Royal Palace is only a 5-minute walk away.

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MAD5338

  • €560,000
  • Apartment For sale
  • 5 Bedrooms, 2 Bathrooms
  • Size 110m² (1,184ft²)

Location

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