Investment opportunity. Detached Villa converted into 4 Apartments in Albir

This detached villa, located in the highly sought-after area of Albir on the Costa Blanca, presents an exceptional investment opportunity. Originally built in 1978, the property was fully renovated in 2014 and converted into four separate apartments, according to the current owners it currently generates an impressive annual rental income of 44,000.

The ground floor features two spacious apartments, each comprising two double bedrooms, a modern bathroom, and open-plan living areas with kitchens fitted with integrated appliances. Both apartments enjoy private garden spaces and a covered naya, perfect for outdoor living. Also on the ground floor is a well-appointed studio apartment, finished to the same high standard as the other units.

On the first floor, there is a luxurious four-bedroom penthouse apartment, offering two bathrooms, a large open-plan living area, and a modern kitchen with a separate utility room. A private staircase leads to the exclusive roof terrace, providing stunning views of the sea.

The entire property is equipped with electric underfloor heating and air conditioning, ensuring year-round comfort. Double glazing with fitted blinds and mosquito nets enhances the living experience. Outside, the property boasts a large private swimming pool, shared by all four apartments, and low-maintenance grounds. There is ample parking with off-road spaces for three vehicles and a garage.

Situated just 300 meters from the local Norwegian school, the beach, and various bars, shops, and restaurants, this villa is perfectly located. With its blend of modern conveniences, prime location, and strong rental yield, this property is highly recommended for viewing.

1 Real Estate, part of the Property Cloud Group, is a leading international estate agent in the Costa Blanca, with over 50 years combined experience in Spanish property sales and over 40 dedicated staff. We are committed to providing a transparent, first-class service to all our clients, whether buyers or sellers. From the moment you first contact us, you’ll notice the exceptional level of care and expertise we deliver as standard.

At 1 Real Estate, we focus exclusively on properties directly listed with us, allowing us to build strong relationships with our vendors, understand their homes, and have in-depth knowledge of the areas we serve. With our extensive portfolio of properties, we are confident we can find the perfect match for your requirements.

Make an enquiry today and discover why we stand out as the agent of choice for buyers and sellers in the Costa Blanca.

All information detailed on this page, including but not limited to the description, features, and associated costs of the property are accurate to the best of our knowledge but are subject to verification during the purchase process; 1 Real Estate assumes no responsibility for inaccuracies or omissions.