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

"Prime 2-bedroom apartment in Alicante’s Centro Tradicional, featuring garage, storage, and private patio. Modern 2007 construction with security, currently tenanted, offers stable income and strong urban amenities, ideal for long-term rental investment."

Negotiation Leverage Balanced
Value Add Minor cosmetic updates to increase rental appeal
Pros
  • Prime central location near amenities and transport
  • Includes garage and storage—rare in city center
  • Modern building with security and private outdoor space
Cons
  • Gross yield (~3.9%) is moderate for the area
  • Limited value-add potential beyond minor updates
  • Tenant in place may restrict immediate rent adjustments
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 €1,351/mo
Est. Annual Rent €16,210/yr

Est. Yield 3.46%
Days on Market
147
First seen
2025-10-08
View on Idealista