Madrid, Madrid, Madrid, Spain

Coldwell Banker Unique presents this spacious apartment for sale in the very heart of Madrid, located in the vibrant and sought-after Malasaña neighborhood. This area is known for its creative energy, rich cultural and gastronomic scene, and alternative lifestyle, making it one of the most desirable spots in the capital. The property offers great potential and is in need of renovation, allowing the opportunity to redistribute the space or even divide it into two independent units. Currently, the apartment consists of an independent module with one bedroom, a kitchen, and a bathroom, connected to a larger area featuring two spacious bedrooms, a walk-in closet, a bright living-dining room, and a renovated and fully functional kitchen. With two separate entrances, the apartment can be easily split into two separate dwellings, making it an attractive option for both investors and those seeking a flexible living space. Additionally, the property includes a 9% ownership of a penthouse managed by the homeowners' association, which is currently rented out. The rental income helps reduce the building's community expenses, offering an extra financial benefit. A unique opportunity to live or invest in one of Madrid's most characterful neighborhoods. #ref:CBUQ904