Active ID: 110038973 Centro Tradicional

Flat / apartment for sale in CL Med Manero Molla, 2

2 Bed • 2 Bath • 91 m² • Floor 1

€430,000

AI Analyst
Long-term Rental

"Prime city-center apartment in Alicante’s sought-after Portal de Elche, featuring 2 bedrooms, 2 baths, terrace, parking, and storage—rare amenities in this location, offering strong appeal for urban professionals and long-term tenants."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to increase rental yield
Pros
  • Exceptional central location near Explanada and Rambla
  • Includes parking and storage—scarce in city center
  • Modern building with elevator and terrace
Cons
  • Gross rental yield below 3.5%, limiting cash flow
  • Two-bedroom layout restricts coliving or holiday rental upside
  • Potential for overpricing given current market context
Description

PORTAL DE ELCHE: UNBEATABLE LOCATION Living here means having Alicante at your fingertips. Just steps from the Explanada, the Rambla, and the promenade, this apartment is located in one of the most practical and sought-after areas of the city center. The property offers two bedrooms and two bathrooms—one of them en suite—designed to enjoy comfort and privacy in everyday life. As an added value, it includes a parking space and storage room in the same building, something increasingly difficult to find in this area. An opportunity that doesn't come along every day. If you think it might be a good fit for you, we would be happy to show it to you. Price: €450,000 (includes garage and storage room).

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €430,000
Taxes (ITP 10%) + €43,000
Notary Fees + €3,612
Registry Fees + €1,376
Gestoría Fees + €1,290
Valuation + Other + €339

Total Investment €479,617
Est. Monthly Rent €1,186/mo
Est. Annual Rent €14,228/yr

Est. Yield 2.97%
Days on Market
89
First seen
2025-12-04
View on Idealista