€101.520
~$109,642 USD
$1.9K/m² price per m²
, Villaverde, Madrid, Spain
Listed NaN years ago
IDEAL FOR INVESTORS: SALE OF BARE OWNERSHIP. Grupo Retiro manages the sale of the bare ownership of a home valued at €170,000 in exchange for an advance payment of €30,000 and a temporary annuity for 5 years of €1,192/month. The usufructuary, a 78-year-old man, will continue to use the property until his death. PROPERTY DESCRIPTION: EXTERIOR APARTMENT, requiring renovation. It consists of an entrance hall, a small dining room, two bedrooms, a kitchen, a bathroom, and a large terrace overlooking the rear facade of the apartment. OTHER DETAILS: • Individual electric heating and hot water, split-type air conditioning in the living room. • VPO (Social Housing): NO. Free housing. • Accessibility conditions: Elevator: NO. Access to the building: 1 step. • Last IEE (Technical Building Inspection) carried out in 2025 with a favorable result. Next IEE/ITE will be carried out in 2035. CLASSIC TEMPORARY ANNUITY WITH ADVANCE PAYMENT The Elderly Person transfers the bare ownership of the home in exchange for a capital advance plus a constant monthly temporary annuity, reserving the usufruct of the property until their death or until they renounce it (in which case the monthly annuity amount would increase by 20%), at which point the buyer will become the full owner of the property. The payment of the first 36 monthly installments will be guaranteed in the deed, with the difference being paid to the heirs in case of the annuitant's death before the first 3 years from the signing of the deed have passed. The usufructuary has requested to reserve in the deed the right to be able to rent out the property. ANNUAL PROPERTY EXPENSES: The buyer will be responsible for the IBI (Property Tax) receipts, extraordinary Community fees, and the building's insurance. The remaining expenses, i. e. , ordinary Community fees, the Municipal Waste Tax (if it exists), contents insurance with civil liability, and utility bills will be the responsibility of the usufructuary. GRUPO RETIRO's Professional Mediation Fees and the taxes associated with this transaction are not included. You can see other opportunities by clicking on our LOGO.
Idealista
https://www.idealista.com/inmueble/110884884/
Get notified when prices drop
We respect your privacy. Unsubscribe anytime.
See what 101.520 € gets you around the world
€101.520
~$109,642