Active ID: 107702520 Casco Histórico

Flat / apartment for sale in Rambla de Méndez Núñez

4 Bed • 3 Bath • 317 m² • Floor 7

€695,000

AI Analyst
Long-term Rental

"Spacious 317 m² 4-bedroom apartment in Alicante’s historic center, featuring dual living rooms, abundant natural light, and premium amenities like doorman and direct parking access—offering rare scale and prestige in a prime urban location."

Negotiation Leverage Balanced
Value Add Modernize bathrooms and update interior finishes to increase rental appeal
Pros
  • Exceptional central location with strong demand for large, high-end rentals
  • Generous floor plan with multiple living areas and natural light
  • Building amenities (doorman, elevators, direct parking access) enhance tenant appeal
Cons
  • Estimated rent (€2,000/month) yields a low gross return (~3.5%) at asking price
  • Potentially high maintenance and modernization costs due to property size and age
  • Luxury segment may face longer vacancy periods in economic downturns
Description

Casamayor presents this majestic and exclusive home in the heart of Alicante, located on Rambla de Méndez Núñez on the seventh floor and completely exterior. The building has a doorman, direct access to the Plaza de San Cristóbal parking, two elevators per block, as well as escalators. The home consists of a spacious entrance hall, equipped kitchen, two large living rooms, 4 bedrooms, and 3 full bathrooms. Upon entering the home, we find a spacious reception hall that in turn distributes all areas of the house. We access the kitchen, which is fully equipped, with an office table, countertops surrounding the entire kitchen, large windows that provide a lot of light, a pantry, and another entrance door to the home. From the hall, we enter the main living room, which boasts an enormous bookcase, space for several areas such as a dining room, a sofa area, and all surrounded by large windows that let in a lot of sunlight. From the main living room, we access the secondary living room through a sliding door, where you can also arrange several rooms thanks to its spaciousness, and which also has direct access to the kitchen. From this living room, we also have access to one of the bedrooms with two distinct areas. The sleeping area and the study area. It also has a full en-suite bathroom with a bathtub. Finally, from the hall, we have access to the rest of the bedrooms, the master bedroom with an en-suite bathroom with a shower, a dressing room, a spacious bedroom, and a closed terrace for reading and relaxation moments. The other two bedrooms consist of a hallway that gives access to both bedrooms and a full shared bathroom with a shower. But not only is the apartment perfect, the location is too. It is located in the most central area of the city, so you can access all necessary services and transportation in a few minutes. *This document is purely informative, orientative, and non-binding, therefore it does not constitute any contractual information, and its use is strictly commercial. *.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €695,000
Taxes (ITP 10%) + €69,500
Notary Fees + €5,838
Registry Fees + €2,224
Gestoría Fees + €2,085
Valuation + Other + €339

Total Investment €774,986
Est. Monthly Rent €2,000/mo
Est. Annual Rent €24,000/yr

Est. Yield 3.1%
Days on Market
78
First seen
2025-12-15
View on Idealista