Active ID: 110410373 Mercado

Flat / apartment for sale in Mercado

2 Bed • 2 Bath • 68 m² • Floor 1

€399,000

↓ 3.5% from €413,500
€399,000 2026-03-14
€413,500 2026-01-27
AI Analyst
Long-term Rental

"Recently renovated 2-bedroom apartment in Mercado offers modern interiors and dual balconies in a well-maintained building, positioned near key amenities and transport—an attractive turnkey asset for stable rental demand."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Fully renovated, minimizing immediate capex needs
  • Prime location near Plaza de España and transport links
  • Efficient layout with two double bedrooms and two bathrooms
Cons
  • First floor in a building without elevator may limit tenant pool
  • Rental yield is moderate given price point
  • No terrace or significant outdoor space
Description

Wonderful completely renovated home located in the Carolinas Bajas neighborhood, next to Avenida del Poeta Carmelo Carlo and Plaza de España. It is a renovated apartment combining modernity and functionality, maintaining its traditional essence. With a constructed area of 68 m2 and a usable area of 60 m2, it is efficiently distributed into two spacious double bedrooms and two stylishly designed contemporary bathrooms. It has a wonderful living-dining room with a front balcony, an equipped open-plan kitchen to the living room, as well as a pleasant rear balcony. Very well-maintained traditional building surrounded by multiple services, with all means of transport. It is a first floor in a building without an elevator.

Features
Elevator
Exterior
Investment Summary
Purchase Price €399,000
Taxes (ITP 10%) + €39,900
Notary Fees + €3,352
Registry Fees + €1,277
Gestoría Fees + €1,197
Valuation + Other + €339

Total Investment €445,064
Est. Monthly Rent €970/mo
Est. Annual Rent €11,639/yr

Est. Yield 2.62%
Days on Market
81
First seen
2026-01-27
View on Idealista