Active ID: 110471663 Mercado

Flat / apartment for sale in Calle Pintor Velazquez, 12

4 Bed • 1 Bath • 124 m² • Floor 1

€280,000

AI Analyst
Long-term Rental

"Spacious 4-bedroom apartment in Alicante’s Mercado district offers strong value-add potential due to its central location, large terrace, and solid 1960s construction—ideal for investors seeking to modernize and capitalize on high rental demand."

Negotiation Leverage Balanced
Value Add Full interior modernization (kitchen, bathroom, finishes) to maximize rental yield and resale value.
Pros
  • Prime city-centre location near amenities and beach
  • Large, well-distributed 124 sqm layout with terrace
  • Strong natural light and exterior orientation
Cons
  • Requires significant modernization to achieve market rents
  • Single bathroom may limit appeal for larger households
  • First-floor position may be less desirable for some tenants
Description

Spacious Apartment with Terrace in the Heart of Alicante – Mercado Area We present this excellent opportunity in one of the most sought-after areas of Alicante: Calle Pintor Velázquez, 12, located in the central Mercado district. This is an exterior property offering 124 sqm built (120 sqm usable), situated on the first floor with lift, in a well-established building from 1967. Functional and well-distributed layout: 4 spacious bedrooms 1 full bathroom Bright living room with access to a balcony Terrace Independent kitchen Excellent natural light throughout The property stands out for its generous size and great potential for modernization. Ideal for families looking for space in the city centre, as well as for buyers wishing to renovate and personalise a solid property with strong structural foundations. Prime Location Located in the Mercado (City Centre) area, with all amenities within walking distance: shops, schools, public transport, and just a few minutes from the Explanada promenade and the beach. An ideal area to live comfortably without the need for a car.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €280,000
Taxes (ITP 10%) + €28,000
Notary Fees + €2,352
Registry Fees + €896
Gestoría Fees + €840
Valuation + Other + €339

Total Investment €312,427
Est. Monthly Rent €1,199/mo
Est. Annual Rent €14,391/yr

Est. Yield 4.61%
Days on Market
34
First seen
2026-01-28
View on Idealista