Located in the prestigious Almagro neighborhood, in the sought-after Chamberí district, this property represents an excellent opportunity in one of Madrid’s most established and desirable areas. Set on a quiet street, the property features a pleasant south-facing terrace of approximately 18 sqm, a highly valued asset in this location. The apartment offers 245 sqm of living space and includes two parking spaces and a storage room, bringing the total built area to 290 sqm. The building benefits from a live-in concierge, ensuring day-to-day convenience and security. In need of renovation, the property offers generous volumes and an excellent foundation to create a bespoke project, with a double living and dining area opening onto the terrace. Surrounded by embassies and institutional buildings, the area provides a secure and refined environment with strong demand from both local and international clients. Prestigious private and international schools are nearby, along with landmark addresses such as Hotel Santo Mauro, reinforcing the exclusivity of the neighborhood. This is a solid long-term asset with consistent demand, ideal for both investors and private buyers. Exclusive listing with IAD Real Estate Agency fees are included in the price. Further information available upon request.