This apartment was purchased after it had been closed for quite some time. A reform to update the electrical system, as well as the bathroom and kitchen, was extremely necessary.
Planned to have each room rented separately for students, this apartment was picked by its location close to the universities and in a neighborhood that promised and already delivered a lot of improvements.
The original distribution of the flat was not changed by the reform. As it is common in most old houses in Madrid, the living room was not used as a common space where you walk through to access other rooms in the house, but rather used as a segregated room, only accessible through a door on a corridor, where people would entertain guests. This old distribution allowed the owners to use the living room as an extra bedroom, increasing the revenue of the flat.
The price asked per room were slightly reduced as the apartment didn´t have a big common area after the living room transformation, but the overall profit coming from the apartment only increased.
It has all four bedrooms rented until the next academic year when it is expected to host new students again.