Flat in calle de Recaredo

, Chamartín, Madrid, Spain

Listed NaN years ago

1beds

1baths

56 m²area

1Bedrooms

1Bathrooms

56 m²Area

N/AYear Built

ApartmentType

Chamartín, SpainLocation

About

Fantastic INVESTMENT! The BARE OWNERSHIP of this fantastic apartment on Calle Recaredo, Madrid, is for sale. The current owners, a 69-year-old man and a 70-year-old woman, will retain the right of use and enjoyment of the property for life. The property has a market value of €550,000 and a 40% discount is applied to that value. What does this imply? PAYMENT PLAN: An INITIAL PAYMENT of €85,275 and a LIFETIME MONTHLY INCOME of €1,410 (based on an average life expectancy of 14 years according to INE data). CLOSING COSTS: The costs incurred in the sale (Property Transfer Tax, notary, and registration) will be paid in full by the buyer, including the Municipal Capital Gains Tax. MAINTENANCE COSTS: Once the transaction is formalized before a notary, the housing expenses will be distributed as follows: 1. The Property Tax (IBI), extraordinary community fees, and building insurance will be covered BY THE BUYING PARTY. 2. The ordinary community fees, contents insurance, urban waste tax, and utilities (electricity, water, etc. ); whether individualized or not, will be covered BY THE SELLING PARTY. Property Description: Cozy third-floor apartment with 56 m² built, located on Calle Recaredo, in one of the most consolidated and well-connected areas of the Chamartín district (Madrid). The home is distributed into a living room, separate kitchen, one bedroom, and a full bathroom, offering a functional and well-utilized layout. The building has an elevator and the property includes a garage space, a very notable added value in the area. Its location allows you to enjoy all types of services within a few steps, such as supermarkets, shops, restaurants, health centers, and public transport, with excellent connections via metro, buses, and quick access to the city's main roads. An ideal option both as a primary residence and for investment, in one of Madrid's areas with the highest residential demand.