Active ID: 108409019 Centro Tradicional

Flat / apartment for sale in Plaza de los Luceros, 4

3 Bed • 2 Bath • 109 m² • Floor 3

€550,000

AI Analyst
Long-term Rental

"Prime central Alicante apartment with classic architectural features, high ceilings, and hydraulic floors. Third-floor unit with elevator and terrace offers strong appeal for tenants or owner-occupiers seeking character and location."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to increase rental yield and market value.
Pros
  • Exceptional central location in Alicante, ensuring high demand.
  • Classic features (high ceilings, hydraulic floors) add unique value.
  • Elevator and terrace enhance livability and rental appeal.
Cons
  • Rental yield is low relative to asking price, limiting cash flow.
  • Only one full bathroom for a three-bedroom unit may deter some tenants.
  • Potential need for modernization increases upfront capital outlay.
Description

Housing in the center of Alicante Classic property, high ceilings and hydraulic floors. Three bedrooms, a bathroom and a toilet. Third floor with elevator. *********************************************** Property in the centre of alicante Classic building, high ceilings and hydraulic floors. three bedrooms, a bathroom and a toilet. Third floor with lift. **************************************************** Property in the centre of alicante Classic building, high ceilings and hydraulic floors. three bedrooms, a bathroom and a toilet. Third floor with lift.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €550,000
Taxes (ITP 10%) + €55,000
Notary Fees + €4,620
Registry Fees + €1,760
Gestoría Fees + €1,650
Valuation + Other + €339

Total Investment €613,369
Est. Monthly Rent €1,376/mo
Est. Annual Rent €16,508/yr

Est. Yield 2.69%
Days on Market
146
First seen
2025-10-08
View on Idealista