Active ID: 109355860 Centro Tradicional

Flat / apartment for sale in Avenida de la Constitución

2 Bed • 2 Bath • 109 m² • Floor 1

€420,000

AI Analyst
Long-term Rental

"Well-located 2-bedroom apartment in Alicante’s Centro Tradicional, offering secure parking, storage, and a private patio. Modern construction (2007) and current tenancy provide immediate income in a prime urban setting near major amenities and transport."

Negotiation Leverage Balanced
Value Add Minor cosmetic updates or furnishings to increase rental appeal
Pros
  • Prime central location with strong tenant demand
  • Includes garage and storage—rare in city center
  • Modern building with security and elevator
Cons
  • Gross rental yield (~3.85%) is modest for the price point
  • Limited value-add potential beyond minor updates
  • Potential tenant turnover risk in a competitive rental market
Description

Apartment in the heart of the traditional center, with garage, storage room and private patio This spacious 109 m2 apartment, located on the first floor of a building with security built in 2007, has everything you are looking for: location, comfort and quality of life. The house has a living room, two large bedrooms with built-in wardrobes, and two complete bathrooms, one of them en suite inside the main room. The independent kitchen, equipped with all appliances, also has access to a practical laundry gallery. From one of the bedrooms there is access to a private patio, an exclusive space to enjoy the outdoors. At this time the apartment is rented. The price also includes a parking space and storage room, providing maximum comfort in the heart of the city. Unbeatable location: in front of the Teatro Principal, a step away from the Market and a few minutes from the beach. The area offers all kinds of services, shops and leisure, as well as excellent communication with all bus and tram lines. - Spacious and functional apartment - Garage and storage included - Private patio for your enjoyment - Vibrant and central environment - Building with surveillance Do not miss the opportunity to get a home in one of the most exclusive and dynamic areas of the city, with long-term tenants with an exclusive profile. Contact us and resolve your doubts.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €420,000
Taxes (ITP 10%) + €42,000
Notary Fees + €3,528
Registry Fees + €1,344
Gestoría Fees + €1,260
Valuation + Other + €339

Total Investment €468,471
Est. Monthly Rent €1,357/mo
Est. Annual Rent €16,281/yr

Est. Yield 3.48%
Days on Market
245
First seen
2025-10-08
View on Idealista