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

"Classic 3-bedroom apartment in Alicante’s prime center, featuring high ceilings, hydraulic floors, and a terrace. Strong architectural character and location offer long-term value, but rental yield is modest relative to price."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to increase rental appeal
Pros
  • Prime city center location (Plaza de los Luceros)
  • Classic architectural features (high ceilings, hydraulic floors)
  • Elevator and terrace enhance tenant appeal
Cons
  • Low gross rental yield (~3%) limits cash flow
  • Only one full bathroom for three bedrooms
  • Potential need for modernization to maximize value
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 €1,405/mo
Est. Annual Rent €16,858/yr

Est. Yield 2.75%
Days on Market
191
First seen
2025-10-08
View on Idealista