Active
ID: 100153739
Centro Tradicional
Flat / apartment for sale in Rambla Méndez Núñez, 11
4 Bed • 2 Bath • 160 m² • Floor 3
€565,000
AI Analyst
Long-term Rental"Spacious 160m² apartment in Alicante’s Centro-Tradicional with 3.5m ceilings and historic charm offers strong architectural appeal, but current yield is modest relative to price, requiring careful value-add consideration."
Negotiation
Leverage
Balanced
Value Add
Modernize kitchen and bathrooms to attract premium tenants
Pros
- •Prime central location with high demand for rentals
- •Historic building with unique high ceilings (3.5m)
- •Elevator and exterior orientation enhance desirability
Cons
- •Gross yield below 4.3%, limiting immediate cash flow
- •No terrace or outdoor space, which may deter some tenants
- •Potential restrictions on renovations due to listed status
Description
Apartment in Rambla Méndez Nuñez with Gerona street. 3.5 meter ceilings in a listed property.
Features
Elevator
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price
€565,000
+ Fees & Taxes
+ €65,088
Taxes (ITP 10%)
+ €56,500
Notary Fees
+ €4,746
Registry Fees
+ €1,808
Gestoría Fees
+ €1,695
Valuation + Other
+ €339
Total Investment
€630,088
Est. Monthly Rent
€1,992/mo
Est. Annual Rent
€23,908/yr
Est. Yield
3.79%
High
(13 Comps)
Days on Market
146
First seen
2025-10-08