Active ID: 108288863 Mercado

Flat / apartment for sale in Calle Belando, 15

7 Bed • 3 Bath • 169 m² • Floor 3

€490,000

AI Analyst
Coliving

"Renovated 6-bedroom apartment in Alicante’s prime Mercado district, featuring modern finishes, ample natural light, and a large terrace. Its central location and flexible layout offer strong appeal for both long-term and coliving rental strategies."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Prime city center location with high rental demand
  • Fully renovated, minimizing immediate capex
  • Flexible 6-bedroom layout ideal for coliving or multi-tenant rental
Cons
  • Gross yield (~3.9%) is below typical investor targets for the area
  • High price per square meter for the local market
  • Potential tenant turnover risk due to multi-room configuration
Description

Casamayor Real Estate presents this renovated apartment for sale in the heart of the city. The property has 137m2 efficiently distributed and utilized, resulting in 6 exterior bedrooms, an office, 3 full bathrooms, a wonderful and spacious living-dining room with access to balconies, and a large, fully equipped open-concept kitchen from which you can access an impressive terrace. The renovation of this property has been carried out with materials of optimal quality, which has resulted in spacious rooms full of light, unbeatable insulation, modernity in every detail, functionality in its design, and optimal air conditioning, making this property an exquisite and welcoming place. The location could not be better, situated on one of the best streets in the city center, and close to all the services that the center can offer you. Considering the exquisiteness that encompasses this property, we believe you are facing a unique asset in one of the best areas of the city. *This document is for informational, orientational and non-binding purposes only, and therefore does not constitute any contractual information, its use being strictly commercial. *.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €490,000
Taxes (ITP 10%) + €49,000
Notary Fees + €4,116
Registry Fees + €1,568
Gestoría Fees + €1,470
Valuation + Other + €339

Total Investment €546,493
Est. Monthly Rent €1,600/mo
Est. Annual Rent €19,195/yr

Est. Yield 3.51%
Days on Market
257
First seen
2025-08-04
View on Idealista