Spacious 154 m² Apartment with Investment Potential in Son Cotoner
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Futura Propiedades
661349530
- 2
- 6
Propose a price
430.000 €
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With 154 m² of usable space, the property stands out for its unusually generous size for Palma and for a very efficient layout, currently designed for room-by-room rental but easily adaptable to a family residential use. It features six bedrooms (four doubles and two singles), two full bathrooms, a large and functional kitchen, and a generous living-dining room with enough space to create a comfortable and well-defined living area.
In recent years, significant improvements have been made that considerably reduce the initial investment required: exterior carpentry with double-glazed Climalit windows, renovated bathrooms, and generally good maintenance, allowing the property to continue being exploited without immediate renovation works. These elements help keep the asset in good condition, improve occupant comfort, and sustain high occupancy over time—key factors for this type of property.
The apartment is currently rented by rooms and managed by a specialized company that is a leader in the sector, generating a net income for the owner of €2,800 per month. For an investor, this means acquiring a fully operational asset, with an established management structure, active contracts, and cash flow from day one, with no learning curve or vacancy periods. There is the option to continue with the current management, subrogate the contracts, and maintain the existing model; in this case, the owner would achieve an annual return of 8%, far exceeding the usual expectations for rental apartments. Alternatively, the exploitation can be terminated and the property delivered vacant, ideal for those wishing to change the use, rent it as a single dwelling, or use it as a primary residence.
Location is one of its greatest strengths. Situated in Palma de Mallorca, Son Cotoner is a well-established residential neighborhood with a strong sense of community, very well connected to the city center and surrounded by all the services needed for daily life: supermarkets, local shops, schools, health centers, sports facilities, and public transport just a few minutes’ walk away. In addition, its proximity to employment hubs and easy access to various exits from the city make it a particularly attractive area for long-term rentals, both for working professionals and family profiles.
In short, this is a large, versatile property with clear numbers, ideal for investors seeking solid, stable, and hassle-free returns, as well as for buyers who value space, location, and the possibility of acquiring a spacious home in Palma—whether to live in from day one or to personalize to their taste.
A genuine opportunity, hard to find due to its size, performance, and location.
Property Features
- Reference FP26402
- Type of Operation For sale
- Type of property Apartment
- Zone / City Son Cotoner / Palma de Mallorca
- Net Internal Area 154 m2
- Built Surface 168 m2
- Condition Reformar Parcialment
- Bedrooms 6
- Bathrooms 2
- Year built 1960
- Levels 4
- Floor 2
- Orientation East
- Exterior type External
- Community fees 60€
- Interior Carpentry Wood
- Exterior Carpentry Climalit or double-glazing
- Type of Floor Ceramic
- Views To the street
- Regime Libre
- Balcony
- Water
- Exterior
Energy Efficiency Rating
| Energy Consumption kWh/m2 Year |
Consumer Kg CO2/m2 Year | |
|
1234.99
|
Situation
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