Active
ID: 110175359
Mercado
Flat / apartment for sale in Calle Belando, 13
6 Bed • 4 Bath • 242 m² • Floor 5
€750,000
AI Analyst
Coliving"Large 242 m² double apartment in central Mercado area offers rare 6-room layout, terrace, and strong connectivity—ideal for flexible rental strategies or value-add repositioning."
Negotiation
Leverage
Balanced
Value Add
Modernize interiors and optimize layout for coliving or multi-tenant use
Pros
- •Prime central location near Plaza Luceros and public transport
- •Large size and 6 rooms allow flexible rental configurations
- •Building amenities: 2 elevators, fire alarm, reinforced doors
Cons
- •Low gross yield (~3.6%) at current rent levels
- •Potentially high renovation costs to maximize rental income
- •Market context and demand for large units in this area unclear
Description
Spacious double apartment with the possibility of subrogation, reinforced doors, the building has 2 elevators, fire alarm, close to all services, 5 minutes from Plaza Luceros, Tram, Bus, etc.
Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price
€750,000
+ Fees & Taxes
+ €86,289
Taxes (ITP 10%)
+ €75,000
Notary Fees
+ €6,300
Registry Fees
+ €2,400
Gestoría Fees
+ €2,250
Valuation + Other
+ €339
Total Investment
€836,289
Est. Monthly Rent
€2,250/mo
Est. Annual Rent
€27,000/yr
Est. Yield
3.23%
Low
(Estimated)
Days on Market
70
First seen
2025-12-23