Active ID: 108062650 Centro Tradicional

Flat / apartment for sale in Rambla de Méndez Núñez, 21

2 Bed • 2 Bath • 120 m² • Floor 5

€450,000

AI Analyst
Long-term Rental

"Spacious 120 m² apartment in Alicante’s prime Centro-Tradicional area, featuring 3 bedrooms, 2 baths, terrace with castle views, and optional parking—offering strong appeal for urban professionals and families seeking quality city living."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to increase rental yield
Pros
  • Prime central location with unobstructed views
  • Large, well-distributed interior with terrace
  • Optional parking in building basement
Cons
  • Rental yield below 5% gross at current price
  • Potential need for interior modernization
  • Limited to 2-3 bedroom tenant profiles
Description

This exceptional property is located in an unbeatable location, in one of the best residential areas of the city of Alicante, on Rambla Méndez Núñez. It is organized in 120 m2 of built surface, and has a magnificent outdoor area with unobstructed views of Rambla Méndez Núñez. This dream property has been distributed in 3 spacious bedrooms, and 2 full bathrooms. In addition, there is a large living-dining room with direct access to the terrace overlooking the avenue, and a large fully equipped kitchen with access to an independent gallery area. The entire property has duct air conditioning. Its large windows, which enjoy splendid views of the Santa Barbara Castle and the Rambla Méndez Núñez, give it a totally unique character and make it the ideal property to enjoy the wonderful quality of life in the city of Alicante. It is worth noting that there is the possibility of buying two parking spaces in the basement of the building.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €450,000
Taxes (ITP 10%) + €45,000
Notary Fees + €3,780
Registry Fees + €1,440
Gestoría Fees + €1,350
Valuation + Other + €339

Total Investment €501,909
Est. Monthly Rent €1,518/mo
Est. Annual Rent €18,210/yr

Est. Yield 3.63%
Days on Market
191
First seen
2025-10-08
View on Idealista