RENOVATION OPPORTUNITY FOR RENTAL INVESTORS.
Reduced to sell from €550.000 and built in 2004, this unique renovation project offers a total of up to 8 bedrooms within 10 minutes walking distance to a prime sandy beach and amenities in Cabopino, Marbella – ideal for short term rentals.
The property has been partially renovated already (€70.000 spent) and needs finishing.
The majority of the work has been completed including new flooring, windows & doors, electrics & lighting, plastering, main terrace enclosure with glass curtains, and one new modern kitchen.
The interior needs to be finished, including a second kitchen, two bathrooms, and the basement, as well as the outdoor spaces including swimming pool and entrance at an estimated cost of €50 - 100.000 with an expected resales value of €800.000+ on completion.
Inside, the property is distributed over 4 levels: on the entry level there is a bright spacious open-plan living area with glass curtains, modern kitchen, and terrace.
Upstairs there are 3 bedrooms, two bathrooms, and a terrace with partial sea view.
On the lower level there is a 2 bedroom apartment with kitchen and full size living area.
In the basement, there is space for another 2 bedroom apartment with living area.
There is also a separate small studio with external access.
Price includes some materials already purchased, including concrete for the swimming pool.
This is an ideal property for a large family or a rental investor to maximize rental income in a popular tourist and golf area within walking distance to the beach, local commercial centre, and the port of Cabopino.