Fully-owned income-producing building in Picassent: 617 m² built area, 24 operational rooms, licensed commercial unit, photovoltaic system, garage, 116 m² courtyard and an operating structure rarely found in the market.
Real Urbe presents, on Calle Diputación in Picassent, a clearly selective investment asset, designed for buyers who prioritise scale, in-place income, operational stability and solid real estate fundamentals over conventional residential product.
This is a fully-owned building currently operated under a room-rental model, with 24 rooms in operation, €124,080 in gross annual income, an estimated operating NOI of €103,395 and an indicated gross yield of 8.74%, according to the attached financial study. The opportunity is based on an already structured property, with real operating income, recurring revenues and a configuration that is difficult to compare within its market.
The asset comprises 617 m² built area on a 379 m² plot, also including a 116 m² interior courtyard, a 60 m² porch, a 32 m² garage and a 32 m² office/commercial unit with commercial licence, bathroom and air conditioning. This composition gives the property a patrimonial dimension well beyond that of a simple residential building, as it integrates complementary spaces that expand both its current functionality and its long-term strategic value.
One of the key differentiating elements of the property is precisely its 116 m² interior courtyard, an unusual feature in assets intended for shared accommodation. Its size allows the development of value-added communal areas —outdoor fitness space, barbecue area, laundry area, outdoor dining area, relaxation zone or community living area— strengthening the tenant experience, reducing turnover and improving the operational positioning of the building.
In addition, the rear section of the courtyard offers an additional strategic angle. According to the municipal forecast for the extension of the pedestrian Calle Federica Montseny, this area could in the future allow the study of a new-build development facing that future street, always subject to urban planning feasibility and the relevant approvals. This is not presented as an immediate investment requirement, but as a future optionality added to the asset’s value.
The internal structure of the building reinforces its condition as a well-constructed investment asset. The property is arranged across different floors, dwellings and independent spaces, with kitchens, bathrooms and rooms distributed for an orderly operation by units. This organisation provides the asset with an unusual operating scale and a management logic that is especially valuable for a patrimonial buyer, residential operator or family office seeking recurring income with full control over the entire asset.
Originally built in 1950, the property underwent a major refurbishment between 2021 and 2023 across most of the building. The flats were stripped out and renovated from scratch, including improvements to the insulation of perimeter enclosures. Unit 4 had already been refurbished in 2015. In addition, the building has passed the Technical Building Inspection, a particularly relevant reassurance factor in transactions of this nature.
Beyond the refurbishment, one of the aspects that makes this property stand out is its technical infrastructure, clearly above average for this type of asset: wired and centralised installations, data network, TV antenna, CCTV cameras, smoke detectors on each floor, equipped kitchens and furnished rooms with bed, wardrobe, study desk, TV, fridge and ceiling fan. This is not a building opportunistically adapted for rental purposes; it is an asset prepared for continued operation with a professional management approach.
This base is complemented by a 10 kW collective photovoltaic installation, with self-consumption percentages allocated by unit, as well as a garage with a 3-metre automatic door and an electric vehicle charger of up to 24 kW. The garage meter also supplies the garage itself, the office, the annex house and a future construction in the courtyard, introducing a level of planning, efficiency and service rarely found with this degree of coherence in medium-sized urban buildings.
The attached financial study has been prepared using a prudent forecast of room rents, positioning them below the prices currently being advertised in the market for this type of accommodation. This allows the transaction to be analysed from a conservative scenario, without relying on aggressive rental growth assumptions to support the investment thesis.
The building already operates under a logic that is particularly relevant for patrimonial investors: value does not lie only in buying well, but in operating well. Preventive maintenance, reduced tenant turnover, cost control, energy efficiency, occupancy stability and sustained income are all essential components of the asset’s real value.
The location provides the final key argument: the property is located just 100 metres from the metro station, a first-order functional factor for sustaining demand and reinforcing the asset’s competitiveness. Also especially noteworthy is the limited tax burden declared for a property of this scale, with 2025 property tax —IBI— of €538.61 and waste collection tax of €96.
Overall, this is an acquisition that does not fit within the generalist real estate market, but rather within the segment of income-producing patrimonial assets, aimed at buyers who value recurring income, physical solidity, quality execution, functional location, operational efficiency and scarcity of comparable product. A transaction aimed at those who understand that certain properties are not acquired only for what they produce today, but for the quality of the underlying structure that supports them and for their ability to continue generating value through professional management.
Further information, technical documentation and detailed financial data are available for qualified buyers.
Agency registered in the Register of Real Estate Intermediation Agents of the Valencian Community —RAICV no. 1181—. Guarantee, legal certainty and professional management throughout the entire process.
In compliance with Law 10/2025 —Final Provision 3, article 20.1.c of the Spanish General Consumer and User Protection Act—, the advertised price does not include taxes or purchase costs. Real Urbe fees: 0% of the purchase price. Purchase tax —ITP, Valencian Community—: general rate 10%; reduced rates, for example 6% for buyers under 35 and 3% for large families or persons with disabilities, subject to applicable requirements —main habitual residence and up to €180,000—. Estimated costs: notary 0.2%–0.5% of the property value, Land Registry 0.1%–0.3% and optional administrative agency fees of €300–€600, depending on the service provider.