3 bedrooms apartment in Madrid, Madrid, Spain

Description of the property with the provided details: Location: The property is located in Madrid. Price: The monthly rent of the property is 1,200€. Property Information: - Floor: 4th floor - Flat surface area: 1 m² - Usable floor area: 1 m² - Number of single bedrooms: 2 - Number of double bedrooms: 1 - Number of bathrooms: 1 - Age of the property: Over 50 years old - Lift: Yes - Heating: Natural gas - External woodwork materials (e.g., PVC): Yes - Kitchen: Yes - Dining room: Yes - State of repair: Good condition Additional features: - Gas: Available - Furnished: Yes - Sunny: Yes - Terrace: Yes - Lands: Marble - Exterior: Yes Rental properties reference index value (does not have this data): - Estimating the property's advantages for real estate investment: Location: Being located in Madrid might attract a wide pool of potential tenants due to its well-known and popular location. This could bring more reliable rental income and good occupancy rates. Pricing: The asking price of 1,200€ per month seems affordable, considering the amenities and location, relative to the market rates in Madrid. This could maintain a steady cash flow and make the investment attractive to potential tenants. Solid infrastructure: The building has a lift, which is a plus for many tenants as it caters to their need for convenience and accessibility. It also offers a good condition state of repair, and most of the utilities are working properly. Charm of old construction: The property being over 50 years old can offer a sense of character and charm that modern properties might not provide. This could be appealing to potential tenants who seek a unique living environment. With balanced features, it poses as a good prospect for both real estate investment and lifestyle purchase, as it is well-positioned to attract and maintain quality tenants. However, it's important to conduct in-depth diligence of the property and surrounding area to ensure the investment remains secure and appealing.