Active ID: 110443750 Mercado

Flat / apartment for sale in Plaza de los Luceros

1 Bed • 1 Bath • 192 m²

€529,000

AI Analyst
Long-term Rental

"Large, unfinished 192 m² apartment in central Alicante offers significant customization potential, but requires substantial investment to complete construction. Prime location near Plaza de los Luceros enhances long-term value for investors seeking adaptable urban assets."

Negotiation Leverage High
Value Add Complete construction and modernize interiors to current market standards
Pros
  • Prime central location near Plaza de los Luceros
  • Large floor area allows flexible layout or subdivision
  • Strong rental demand in central Alicante
Cons
  • Significant capital required to finish construction
  • Single-room configuration limits immediate rental yield
  • No exterior views or terrace, reducing appeal
Description

Apartment corresponding to a multi-family housing block of approximately 192 m² located in the municipality and province of Alicante. The property is under construction, ideal for new adaptations according to new needs. It is located near the center of the municipality where it has good communication, surrounded by similar homes and green areas, within reach of all services, such as educational and sports facilities, various types of shops, health center, leisure, commercial establishments, among others. It is well connected by several bus and taxi lines in its vicinity, its connection with the rest of the municipality is good. Unfinished property. Work stopped.

Features
Elevator
Investment Summary
Purchase Price €529,000
Taxes (ITP 10%) + €52,900
Notary Fees + €4,444
Registry Fees + €1,693
Gestoría Fees + €1,587
Valuation + Other + €339

Total Investment €589,962
Est. Monthly Rent €1,604/mo
Est. Annual Rent €19,244/yr

Est. Yield 3.26%
Days on Market
80
First seen
2026-01-27
View on Idealista