Apartment building 516 m² in Armeñime

Fully Renovated Residential Building in Armeñime, AdejeAn outstanding opportunity for investors seeking profitability, long-term value appreciation, and a secure real estate asset in one of the most sought-after residential areas in southern Tenerife. This residential building is undergoing a complete refurbishment and will be delivered fully finished, with fitted kitchens and fully equipped bathrooms. The project combines quality construction, energy efficiency, and strong long-term rental potential. Property Composition6 studios3 one-bedroom apartments1 garage unit3 floorsAccessible rooftop terrace with panoramic viewsDelivered turnkey (unfurnished)Key DataProperty type: Residential buildingBuilt area: 516.70 m² + rooftop terracePlot size: 245.00 m²Façade: 14.30 mLayout: Ground floor + 2 upper floors + rooftop terraceHigh-Quality RefurbishmentMain WorksComplete structural and functional renovation. Reinforcement of foundations and load-bearing elements. Construction of two additional floors. Creation of a rooftop terrace with stair access. Features & FinishesReinforced concrete structure. Cortizo aluminium windows. Climalit double glazing (4+6+4). STOP SOL solar-control glass. Pre-installation for central air conditioning. 60x60 porcelain flooring. Granite staircases and common areas. Thermal and acoustic insulation. Solar hot water system. Individual utility metering. Strategic LocationLocated in the peaceful residential village of Armeñime, within the municipality of Adeje. AdvantagesStrong residential rental demand. Only 1.5–2 km from the coast. Excellent connection to TF-47. Quick access to Costa Adeje. Close to shops, services, and transport. Rental PotentialEstimated Monthly Income6 StudiosFrom € 700 per month each3 One-Bedroom ApartmentsBetween € 850 and € 900 per month eachEstimated Annual YieldApproximately 6–7%All units include a private terrace or balcony. Future Value EnhancementThe property is currently registered as a single asset. In the future, there may be the possibility of dividing it into individual registered units, increasing liquidity and overall investment value. Suitable for RICAn attractive option for investors seeking to benefit from the Canary Islands Reserve for Investments (RIC).