Active ID: 105510569 Mercado

Flat / apartment for sale in Mercado

1 Bed • 1 Bath • 170 m² • Floor 9

€529,000

AI Analyst
Long-term Rental

"Unfinished 170 m² apartment in central Alicante offers significant customization potential, with proximity to amenities and transport. Construction is halted, presenting a value-add opportunity for investors able to complete and reposition the asset."

Negotiation Leverage High
Value Add Complete construction, modernize interiors, optimize layout for multiple bedrooms
Pros
  • Prime location near city center and amenities
  • Large floor area with terrace and elevator
  • High customization potential due to unfinished state
Cons
  • Significant capital required to complete construction
  • Uncertainty regarding permits and construction timeline
  • Single-room layout limits immediate rental income potential
Description

Apartment corresponding to a block of multi-family homes of approximately 192 m2 located in the municipality and province of Alicante. The property is under construction, ideal for new adaptations according to new needs. It is located near the center of the municipality where it has good communication, surrounded by similar homes and green areas, within reach of all services, such as school equipment, sports facilities, shops of different kinds, health center, recreational facilities, commercial establishment, among others. It is well connected with several bus and taxi lines in its vicinity, its connection with the rest of the municipality is good. Unfinished property. Construction halted.

Features
Elevator
Terrace/Balcony
Exterior
Investment Summary
Purchase Price €529,000
Taxes (ITP 10%) + €52,900
Notary Fees + €4,444
Registry Fees + €1,693
Gestoría Fees + €1,587
Valuation + Other + €339

Total Investment €589,962
Est. Monthly Rent €1,578/mo
Est. Annual Rent €18,934/yr

Est. Yield 3.21%
Days on Market
75
First seen
2025-12-18
View on Idealista