Whole multi-family building in Poblenou
· Poblenou, Barcelona950 m² · 6 floors · 8 rented units€2,100,000
Vera tells you about itThis Poblenou building is 8 already-rented units spread over 6 floors and nearly 950 m², built in 1965 -- a rental block for anyone looking to invest, not for a home of their own. It's listed at €2,100,000, with the appeal of being in Sant Martí, a district with a median income of €27,093 (2023) that gives you a sense of the neighbourhood's profile. If you'd like, we can keep talking about returns, the state of the leases, or whatever else you need to weigh up before deciding.
01The building
A whole multi-family building, with 8 units already rented out across 6 floors -- you buy it whole, not flat by flat. Individual balconies, its own entrance, and a façade that isn't asking for urgent work. For anyone looking for rental income from month one, without having to build up a portfolio building by building, buying one at a time over the years.
021st floor
The first of the eight: a spacious living room with air conditioning already installed and a tenant who's been there three years without a single issue. Each floor has its own personality -- this one leans classic, with earth-toned sofas and décor the tenant has kept up over time. That's the upside of buying an already-occupied building: you see how it's really lived in, not an empty show flat.
033rd floor
Third floor: here the tenant renovated at their own expense a couple of years ago -- open kitchen, marble island, fireplace finished in white. The kind of upgrade an owner doesn't pay for but that still raises the value of the whole building. It's worth asking Vera which floors are renovated and which aren't before working out the real return on the deal.
044th floor
Fourth floor, with views over the neighbourhood's rooftops and a living room its tenant has filled with colour -- an orange sofa, custom-built shelving. A lease that's been in force for two years, which in a building bought for investment is worth as much as the renovation, if not more: stable rental income, no empty months between tenants, no last-minute surprises.
056th floor
And right at the top, the brightest flat in the building: the current tenant has decorated it to their own taste, with plants everywhere and a ceiling fan that stands in for air conditioning in summer. Eight units, eight different ways of living at the same address -- and for the buyer, a single deal, a single contract, a single point of contact.