Delisted ID: 110241480 Carolinas Bajas

Flat / apartment for sale in Calle Nou D'Octubre, 4

1 Bed • 1 Bath • 28 m² • Floor 0

€23,500

AI Analyst
Long-term Rental

"Exceptionally low-priced 28 m² unit in Carolinas Bajas, currently a premises with kitchen and bathroom, offers strong conversion potential and high gross yield for investors seeking value in emerging Alicante neighborhoods."

Negotiation Leverage High
Value Add Convert to legal dwelling and modernize interior
Pros
  • •Extremely low acquisition price enables high yield potential
  • •Existing kitchen and bathroom reduce conversion costs
  • •Elevator and exterior orientation increase rental appeal
Cons
  • •Requires legal conversion to residential use, adding cost and risk
  • •Small size (28 m²) limits tenant pool and resale options
  • •Potential compliance and permitting hurdles for conversion
Description

Premises suitable for conversion to a dwelling. Good condition. Kitchen and bathroom. Ideal investment.

Features
Elevator
Exterior
Investment Summary
Purchase Price €23,500
Taxes (ITP 10%) + €2,350
Notary Fees + €197
Registry Fees + €75
Gestoría Fees + €70
Valuation + Other + €339
Total Investment €26,532
Est. Monthly Rent €805/mo
Est. Annual Rent €9,660/yr
Est. Yield 36.41%
High (3 Comps)
Days on Market
13
First seen
2026-01-05
View on Idealista