Apartment for sale in Pasaia

Secure Investment Opportunity with Immediate Returns in Pasai San Pedro

Apartment with a Stable Tenant | 4.91% Return (4.97% Potential)

Located in the upper part of Pasai San Pedro, on the quiet Daniel de Castelao street, we present this attractive rental property, ideal for investors seeking stable income from day one. This bright, fully exterior mezzanine apartment has a current tenant with a valid lease, guaranteeing immediate returns without the need for renovations or finding new tenants.

Main Features of the Property

Usable area: 59m² (596 sq ft) of well-utilized space.

2 exterior bedrooms with good ventilation and natural light.

Separate and functional kitchen.

Cozy living room with natural light.

Renovated bathroom with a modern shower.

Mezzanine level without elevator, convenient and easily accessible.

Fully exterior, bright, and well-ventilated apartment.

Very low community fees: only €40/month (includes cleaning).

Annual property tax (IBI): €190.

Building facade and roof renovated, no special assessments planned.

Gross Yield: 4.71% | Potential to Increase to 4.97%

The property is currently rented for €805/month, with a 2-year lease in place, generating a gross annual yield of 4.71%, with the potential to reach up to 4.97% through a slight price adjustment at the end of the lease.

An ideal opportunity for those seeking a secure real estate asset with consistent passive income, located in an area with high rental demand and low tenant turnover.

Location: Quiet Residential Area with Excellent Connectivity

Daniel de Castelao Street, in the upper part of Pasai San Pedro, is characterized by its residential, safe, and well-connected environment. The property is just minutes from public transport stops, shops, schools, green spaces, and all the necessary amenities for daily life. A highly valued location for tenants who work in Donostia/San Sebastián and prefer a quiet and more affordable area.

Financial and Technical Details

2 bedrooms

1 renovated bathroom

59 m² usable space

Building without elevator (mezzanine level)

Price: €220,000

Community fees: €40/month

Annual property tax (IBI): €190

Currently rented for: €805/month

Remaining lease term: 2 years

Current yield: 4.71% | Potential: 4.97%

Turnkey Investment | Security and Profitability from Day One

Don’t miss the opportunity to acquire a property ready to generate income, in good condition, with low maintenance and a current lease. Perfect for investors seeking risk-free returns and a tangible asset in a well-established area.

Contact us now for more information or to schedule a visit (subject to prior coordination with the current tenant).

#ref:VPP243