Active ID: 105122027 Centro Tradicional

Flat / apartment for sale in Calle Canalejas

3 Bed • 2 Bath • 110 m² • Floor 5

€429,000

AI Analyst
Long-term Rental

"Fully renovated 3-bedroom apartment in Alicante’s prime centro-tradicional area, offering immediate move-in condition and strong appeal for both local and international tenants. Proximity to Explanada, beach, and amenities enhances rental demand and long-term value."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Prime central location near Explanada and beach
  • Fully renovated, no immediate capex required
  • Strong rental demand from professionals and expats
Cons
  • Gross yield below 4%, limiting cash flow
  • Potential for high community fees in central buildings
  • Limited value-add opportunities due to recent renovation
Description

Spectacular apartment in the traditional center of Alicante, ALL RENOVATED WITH GOOD TASTE READY TO LIVE IN! It is distributed in a spacious living-dining room with access to the balcony, a new, large kitchen where a table can be placed, 3 bedrooms, and 2 bathrooms. It is next to the Explanada! Close to public transport, the beach, shops, and restaurants. Don't hesitate to visit it, contact us, we speak English and French.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €429,000
Taxes (ITP 10%) + €42,900
Notary Fees + €3,604
Registry Fees + €1,373
Gestoría Fees + €1,287
Valuation + Other + €339

Total Investment €478,502
Est. Monthly Rent €1,393/mo
Est. Annual Rent €16,716/yr

Est. Yield 3.49%
Days on Market
1
First seen
2026-03-29
View on Idealista