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Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124

Bright, exterior-facing apartment in San Marcelino, near La Fe: we break down the value-add refurb, local rental demand, and an exit strategy built for long-term upside.
We present an attractive residential investment opportunity in the Distrito de Jesús, in the south of Valencia—one of the city’s most established and well-connected urban areas. This is a second-hand property with a clearly financial profile, focused on generating stable rental income and creating medium- to long-term value.
The property is acquired at a discount of approximately 13% compared to market value, allowing for a particularly advantageous entry point and creating clear upside potential after refurbishment. Buying below current comparables provides a margin of safety from the outset.
The property offers 67 sqm built, located on a second floor without lift, with a layout that is highly sought after in the rental market: three bedrooms, one bathroom, living room with terrace, and independent kitchen. It is an exterior-facing unit, which enhances both rental appeal and future resale potential.
The planned refurbishment will upgrade finishes and optimize the layout, aligning the asset with current rental demand in the Jesús district—specifically in San Marcelino, a predominantly residential area close to green spaces such as Parque de la Rambleta, with good connections to the city center.
From a financial perspective, the operation offers an estimated net rental yield of 5.6% under a traditional long-term rental strategy, above the local average for comparable assets.
In a seven-year, unleveraged illustrative scenario, the investment could generate up to €128,936 in capital gains, with an estimated IRR of 9.4%, combining accumulated rental income and asset appreciation.
The use of financing significantly increases the return on invested capital. In a leveraged scenario, the investment reaches a 17.6% IRR over seven years, with an estimated capital gain of €108,257, while reducing the initial equity required.
The Jesús district is consolidating as one of the residential areas with the strongest potential within Valencia’s urban landscape. It combines still-competitive pricing, good connectivity, and structurally active demand.
Recent periods have shown positive growth in both sales (+27.7%) and rentals (+8.7%), driven by limited supply of refurbished housing and stable demand linked to primary residence.
One of the key drivers of demand is proximity to Hospital Universitari i Politècnic La Fe, one of Spain’s largest hospital complexes, acting as a major employment hub and consistently attracting healthcare professionals, academics, and researchers.
The area also benefits from its proximity to consolidating neighborhoods such as Malilla and Fuente de San Luis, along with ongoing urban improvements and municipal initiatives aimed at enhancing mobility and accessibility.
Overall, this represents a balanced property investment, designed to generate recurring income from day one while capturing long-term value, with a contained risk profile and solid positioning within Valencia’s residential market.