Apartment Complex in Capuchinos // R5135335
Investment Opportunity in the Heart of Málaga
Residential building with ground floor + 4 upper levels, located in one of the city’s most promising areas. It consists of 6 apartments (2 per floor) and a ground-floor commercial unit of 67 m² built, for a total of approximately 420 m² built. The property features an elevator and communal rooftop terrace.
The apartments range from 56 m² to 62 m² built (35 m² to 44 m² usable), with one unit including a mezzanine and additional bedrooms. The commercial unit offers great potential to be converted into a 2-bedroom apartment or a communal space for a coliving model.
Prime location: just a few minutes’ walk from Málaga’s historic centre, the University of Málaga, and the Civil Hospital. This is a high-demand rental area for both long-term and short-term stays—perfect for repositioning as residential, tourist accommodation, or optimized coliving with 7 or 8 units.
The project includes a full refurbishment of the building, optimizing the 6 existing apartments, carrying out the change of use of the commercial unit, and renovating all communal areas—without the need for major structural work.
Expected completion: end of 2025, with the asset delivered fully finished, all apartments ready to move into, and all installations compliant with current building regulations.
Turnkey price: €1,800,000
Price without renovation: €1,300,000
A solid investment in an area undergoing significant urban regeneration, with high potential for capital appreciation and multiple exploitation options.
Setting
Town
Commercial Area
Close To Shops
Orientation
North East
Condition
Renovation Required
Category
Investment
Resale
Community Fees: €0 / monthly
Basura Tax: €0 / annually
IBI Fees: €0 / annually
Property Details
Reference
R5135335
Price
€1,200,000
Location
Capuchinos
Area
Málaga
Property Type
Apartment Complex
Bedrooms
7
Bathrooms
5
Plot Size
0 m2
Living Area
420 m2
Terrace
0 m2
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