Active ID: 109959981 Mercado

Flat / apartment for sale in Mercado

6 Bed • 4 Bath • 242 m² • Floor 5

€550,000

AI Analyst
Coliving

"Expansive 242m² apartment in Alicante’s Mercado area with six bedrooms, three bathrooms, and a private terrace, offering strong potential for coliving or holiday rental strategies near the beach and city amenities."

Negotiation Leverage Balanced
Value Add Modernize bathrooms and update interior finishes to maximize rental appeal
Pros
  • Large floor area suitable for multiple tenants or families
  • Prime location near Central Market and 1km from the beach
  • Private terrace and abundant natural light enhance livability
Cons
  • Low gross yield (~3.6%) at current asking price limits traditional rental returns
  • Potentially high renovation costs to modernize and optimize for coliving
  • Unclear building amenities beyond elevator; may lack parking or storage
Description

Discover this impressive apartment located in the vibrant Central Market area of Alicante, offering a built area of 242 square meters. This spacious home features six double bedrooms, perfect for families or as an investment for holiday rentals. Additionally, it has three bathrooms and an extra toilet, ensuring comfort for all residents and visitors. The property is just 1000 meters from the beach, allowing easy enjoyment of the Mediterranean sun and sea. The private 20m2 terrace is ideal for relaxing or hosting family gatherings under the warm Alicante climate. Its independent kitchen is fully equipped, while the spacious living room provides a cozy atmosphere, illuminated by natural light thanks to its large windows. The flooring is granite, adding a sophisticated touch to every corner of the property. Furthermore, this magnificent home is situated close to all necessary amenities: supermarkets, restaurants, shops, and public transport, thus simplifying your day-to-day life without additional complications. An unparalleled opportunity whether you are looking for a permanent residence or a real estate investment. Do not hesitate to contact us for more information; we will be delighted to assist you. We offer the possibility of financing up to 100%. The indicated price corresponds exclusively to the property and does not include taxes or expenses derived from the sale, such as Property Transfer Tax (ITP) or VAT, notary fees, registry fees, administrative fees, and, where applicable, real estate brokerage fees. The distribution of these expenses will be carried out in accordance with current applicable regulations. The information contained in this advertisement is purely informative and provided for guidance purposes, and may be subject to errors, price changes, omissions, or withdrawal from the market without prior notice. It does not constitute a contractual document or a binding offer in any case, notwithstanding that the information relating to essential characteristics and price may be binding in accordance with consumer and user regulations. The surfaces expressed are approximate and non-contractual, and may vary from those listed in the Property Registry or the Cadastre. The applicable taxation for the transaction, as well as the rest of the economic conditions, will depend on the specific circumstances of the parties involved, so it is recommended to consult with qualified professionals (tax advisor, notary, or lawyer) to determine the total cost and legal implications of the transaction.

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
142
First seen
2025-11-27
View on Idealista