Active ID: 110493154 Mercado

Flat / apartment for sale in Mercado

6 Bed • 4 Bath • 250 m² • Floor 5

€550,000

AI Analyst
Coliving

"Expansive 6-bedroom, 242 sqm apartment in Alicante’s Mercado district offers rare scale, multiple balconies with castle views, and prime central location—ideal for value-add repositioning or flexible rental strategies."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms, update furnishings, optimize layout for shared living
Pros
  • Large floor area (242 sqm) with 6 double bedrooms—rare in central Alicante
  • Multiple balconies with views of Santa Barbara Castle enhance appeal
  • Prime location near key plazas, port, and amenities supports strong rental demand
Cons
  • Dated interiors and finishes require modernization to maximize rental yield
  • Low gross yield (~3.6%) as a standard long-term rental; value-add needed for upside
  • Potential vacancy risk due to large unit size and higher rent bracket
Description

OPPORTUNITY A bright apartment in the heart of Alicante is for you. It extends over 242 square meters, from the entrance a long hallway distributes the rooms, where we have a hall, six double bedrooms, three of them have access to a balcony with views of Santa Bárbara Castle. A spacious independent kitchen equipped with a small dining area and two galleries, an elegant, very large and bright living-dining room with access to a second balcony with clear views, a guest toilet and three full bathrooms with bathtubs, one of them en-suite in the master bedroom. It is sold fully furnished. It has features such as built-in wardrobes, wall-mounted split air conditioning, aluminum windows, wooden doors, stoneware flooring, and a security door. The building's entrance hall has been renovated and has two elevators. It is located in a central and sought-after area of Alicante, with direct access to services. It is close to Plaza Hermanos Pascual, Plaza de los Luceros, and 5 minutes from the port. Contact us, visit it, and discover its full potential! The indicated price has been set in accordance with current regulations. This does not include taxes, notary fees, registration fees, or other costs arising from the sale or lease. Likewise, it is informed that there may be intermediation fees or other management expenses associated with the operation, which will be duly detailed to the client before the formalization of any agreement. This advertisement is for informational purposes and is not contractual.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €550,000
Taxes (ITP 10%) + €55,000
Notary Fees + €4,620
Registry Fees + €1,760
Gestoría Fees + €1,650
Valuation + Other + €339

Total Investment €613,369
Est. Monthly Rent €1,650/mo
Est. Annual Rent €19,800/yr

Est. Yield 3.23%
Low (Estimated)
Days on Market
131
First seen
2026-01-30
View on Idealista