Nestled in Madrid’s Centro district on Calle de San Millán, a newly completed, turnkey apartment offering emerges as both a short‑term rental powerhouse and a compact, well‑configured residential asset. Spain Connect presents three adjacent, fully furnished studio units sold together — a consolidated opportunity that illustrates the agency’s approach to sourcing investable, income‑generating inventory for international buyers.

Discovering this Madrid investment with Spain Connect

As shown in the property photos, the portfolio comprises three independent studio units, each finished to modern standards and optimized for short‑term lettings. Spain Connect positions this collection as a single asset that simplifies acquisition and management for overseas investors: one purchase, consolidated legal title, and an established operating track record on platforms such as Airbnb with approximately 90% occupancy historically.

The asking price of USD 1,410,000 reflects both the Centro location and the immediate cash‑flow profile. With a combined living area of 1,615 sq ft and three bathrooms across the studios, the physical footprint suits short‑lets while remaining flexible for conversion to longer‑term leases or segmented ownership strategies if regulatory or investor objectives change.

What the property delivers — features, layout and immediate income

The units are furnished, include air conditioning, and are served by an elevator — practical details that matter to both nightly guests and longer‑term tenants. The images capture the efficient layouts and contemporary finishes: bright living/sleeping spaces, compact but functional kitchenettes, and bathrooms specified for high turnover. Those practical items reduce capex and operating friction for an investor assuming ongoing short‑term operations.

Turnkey operation and performance indicators

• Proven short‑term demand: ~90% occupancy historically across the three studios, indicating resilient tourist and business travel demand in La Latina.
• Turnkey presentation: fully furnished and optimized for listings, lowering the time and cost to revenue for a new owner.
• Diversification within one asset: three separate income streams under a single title reduce vacancy risk compared with a single large unit.

Why Spain Connect sourced this asset: agency strategy and selection criteria

Spain Connect’s decade in Madrid real estate shows in the way this property was curated. The agency focuses on four practical selection criteria for international buyers: location density (walkable neighbourhoods with tourism demand), turnkey readiness (minimal immediate capex), regulatory defensibility (compatibility with local short‑let rules), and post‑sale management pathways (clean handover to professional operators). This three‑studio block meets those thresholds and exemplifies Spain Connect’s discipline in packaging assets that translate into measurable returns for offshore investors.

Spain Connect markets the asset with transparent operating data — occupancy, average nightly rates, and guest review trends — enabling investors to stress‑test revenue assumptions rather than rely on headline yields. That approach aligns with The Yieldist’s investor audience: focus on verifiable income streams and scenario analysis rather than optimistic projections.

Location context: La Latina and Centro as yield drivers

La Latina is one of Madrid’s most visitable neighbourhoods — narrow streets, tapas culture, and proximity to historic landmarks. For investors, demand drivers here are predictable: high tourist footfall, business travel overflow from central districts, and strong short‑term rental demand year‑round. The property's central address on Calle de San Millán places it within walking distance of transport hubs and cultural anchors, which reduces marketing and distribution costs for short‑let operators and supports occupancy stability.

From a market perspective, buyers should evaluate price per square metre in Centro vs. broader Madrid and compare net yields after platform fees, community charges (IBI and community fees), and local taxes. Spain Connect supplies typical expense profiles for the building and sample P&Ls for the studios, which is essential when modelling net operating income and projected cap rates.

Due diligence checklist for international buyers

1. Confirm the building’s licence and municipal short‑let rules; Madrid’s local regulations can change and materially affect revenue models.
2. Obtain the historical occupancy and nightly rate data directly from Spain Connect and reconcile against platform records.
3. Account for all recurring costs: community fees, local property taxes, utilities, and management fees when calculating net yield.
4. Clarify exit pathways and tax treatment: transfer costs, non‑resident income tax implications, and potential capital gains exposure for your jurisdiction.

How Spain Connect adds value post‑purchase

Beyond sourcing, Spain Connect offers operational handovers: introductions to vetted local managers, standardised furnishing packs (matching what you see in the images), and quarterly performance reporting. For investors who prefer passive ownership, Spain Connect’s managed solutions help stabilise cash flow and maintain listing quality — a material benefit when properties are marketed internationally.

Their ten‑year presence in Madrid and a focused specialism across investment, rental and new construction signal that Spain Connect understands both buyer expectations and market mechanics — not just finding properties, but packaging them into investable products with verifiable returns.

Bottom line: who should consider this opportunity

This consolidated studio block is best suited to international investors prioritising immediate cash flow, operational simplicity, and exposure to Madrid’s central short‑let market. It is also appropriate for buyers who value a single legal acquisition that diversifies tenant risk internally. Prospective purchasers should approach with disciplined underwriting: model conservative occupancy scenarios, include all ownership costs, and confirm regulatory standing with the municipality.

As the images show, the asset is professionally finished and rentable today; as Spain Connect demonstrates with this listing, the most investable properties combine location quality, turnkey execution, and transparent operating data.

To explore this Madrid opportunity and request financial performance dossiers, contact Spain Connect directly. For international buyers seeking a data‑driven acquisition in Centro, their local presence and structured approach provide a practical bridge between market access and portfolio‑level decision making.