Active ID: 109346711 Mercado

Flat / apartment for sale in Calle Belando

6 Bed • 4 Bath • 248 m² • Floor 5

€550,000

AI Analyst
Coliving

"Large, centrally located 248 m² apartment in Alicante’s Mercado area offers rare divisibility into two units, strong natural light, and flexible layouts—ideal for investors seeking value-add or multi-family strategies in a prime urban location."

Negotiation Leverage Balanced
Value Add Divide into two units and modernize kitchens/bathrooms to maximize rental yield
Pros
  • Authorization to divide into two separate apartments increases flexibility and potential returns
  • Prime central location with excellent transport and amenity access
  • Large size and multiple rooms suit coliving or multi-family strategies
Cons
  • Current estimated rent yields a low gross yield (~3.6%), below typical investor targets
  • Likely need for significant modernization to achieve premium rents
  • Busy urban setting may deter some tenant profiles or owner-occupiers
Description

Great Opportunity in Alicante! Exterior Apartment of 248 m2 on the Rambla Are you looking for a spacious, bright, and central apartment? This is your home! Located in the heart of Alicante, between Belando and Quintana streets, this impressive corner apartment is ideal for large families, investors, or as a revaluation opportunity. Outstanding features: Area: 248 m2 built. Distribution: 6 bedrooms, 2 full bathrooms, 2 toilets (one with shower), large living-dining room, equipped kitchen, and 2 laundry galleries. Extras: Built-in wardrobes, air conditioning and heating in some rooms, elevator, en-suite bathroom, terrace, balcony, and 2 access doors (one main and one service). Qualities: Gres and parquet floors, interior aluminum carpentry and exterior aluminum. Orientation: Southeast, which guarantees excellent light throughout the day. Unbeatable location: Steps from buses, metro, train, supermarkets, shopping centers and green areas. Very busy neighborhood with all services at your fingertips: pharmacies, schools, cafes and more. Possibility of dividing the apartment: The apartment is authorized to be divided into two properties, which makes it an excellent investment for future rental or revaluation projects. Don't miss this opportunity to live in one of the most sought-after areas of Alicante, in an apartment with many possibilities, excellent distribution and at a competitive price. Come see it and make your offer! For more information or to schedule your visit, contact us now. Don't think twice, this apartment is going to sell fast!

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
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 €1,650/mo
Est. Annual Rent €19,800/yr

Est. Yield 3.23%
Low (Estimated)
Days on Market
163
First seen
2025-09-21
View on Idealista