Flat / apartment for sale in Centro Tradicional
3 Bed • 2 Bath • 145 m²
€390,000
AI Analyst
Long-term Rental"Spacious 145 m² apartment in Alicante’s Centro Tradicional offers flexible layout, strong central location, and value-add potential through renovation, making it attractive for investors seeking long-term rental income or capital appreciation."
Pros
- •Prime central Alicante location with walkability to services and transport.
- •Large, flexible floor plan with potential to reconfigure or expand.
- •Elevator, access ramp, and optional parking enhance tenant appeal.
Cons
- •Requires significant renovation to achieve market rents.
- •Community fees and property taxes moderately high for the area.
- •Rental yield (~5.8% gross) is average; upside depends on renovation quality.
Description
Versalhom offers you this property in the center of Alicante, with 145 m2 distributed into three bedrooms with built-in wardrobes. It was previously four bedrooms, so one of them could be separated from the living room, as it currently features a very spacious living-dining room. Furthermore, if you prefer, you can restore the balcony in the living room. The master bedroom has its own wardrobe and a full bathroom. Two other rooms at the back, one double and one single, share a glazed terrace and a second bathroom. The kitchen with a utility room also allows you to combine it with the living room, joining both areas to create more spacious and modern spaces. This property has great potential; a renovation is needed to update the property and add your own style and a more personalized aesthetic character. The central location allows you to walk to all services, with easy access to the highway and proximity to main avenues such as Av. Del Doctor Ramon y Cajal and the Paseo del Puerto. The property has an elevator, an access ramp, and the option to purchase a parking space in the same building. Property IBI €535. Community fees €170 per quarter. Garage IBI €67. Community fees €45 per quarter. Price without parking space €390,000; with garage €430,000. If you are interested in this property but are looking for something more, we propose expanding this apartment with another of similar characteristics to achieve 300 square meters of living space just for you. We look forward to seeing you soon to arrange a visit and present the property to you. ref: P1225.