Active ID: 109973331 Mercado

Flat / apartment for sale in Mercado

6 Bed • 4 Bath • 242 m² • Floor 5

€565,000

↓ 0.2% from €566,000
€565,000 2026-02-06
€566,000 2025-11-27
AI Analyst
Coliving

"Large, well-maintained 242 m² apartment in Mercado’s historic center offers significant customization potential, six bedrooms, four baths, and strong natural light—ideal for value-add investors seeking prime urban locations."

Negotiation Leverage Balanced
Value Add Modernize kitchen, update bathrooms, reconfigure layout for coliving
Pros
  • Prime central location with excellent amenities and transport links
  • Large floor area and multiple bedrooms ideal for coliving or multi-tenant use
  • No buyer commission and optional parking add flexibility
Cons
  • Original condition requires significant modernization investment
  • Estimated rent yields are low relative to asking price
  • Potential layout inefficiencies for standard rental or resale
Description

"NO COMMISSION CHARGED TO THE BUYER" This very spacious stately home is a unique opportunity in the heart of the city's traditional center. Preserved in its original state and very well maintained, it occupies a built area of 242 m2, offering ample possibilities to personalize a new project. The property currently has six bedrooms and four bathrooms, as well as a fully equipped, independent eat-in kitchen. The bright living-dining room stands out for its two front balconies that provide natural light. Furthermore, it offers multiple options for updating. It is important to highlight that this is an excellent building equipped with a renovated entrance hall and access via two elevators. Optional three garage spaces in an adjacent building for €30,000 each. Its privileged location allows for full enjoyment of all nearby services: local shops, emblematic restaurants, and easy access to public transport.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Investment Summary
Purchase Price €565,000
Taxes (ITP 10%) + €56,500
Notary Fees + €4,746
Registry Fees + €1,808
Gestoría Fees + €1,695
Valuation + Other + €339

Total Investment €630,088
Est. Monthly Rent €1,695/mo
Est. Annual Rent €20,340/yr

Est. Yield 3.23%
Low (Estimated)
Days on Market
195
First seen
2025-11-27
View on Idealista