Active ID: 110588307 Carolinas Bajas

Flat / apartment for sale in Calle Nou D'Octubre

• Floor 3

€161,000

AI Analyst
Long-term Rental

"Rented 4-bedroom apartment in Carolinas Bajas, Alicante, offers immediate cash flow but comes with significant legal and operational complexities due to tenant rights and lack of mortgageability."

Negotiation Leverage Balanced
Value Add Potential to increase rent upon tenant turnover; otherwise, limited due to current occupancy and access restrictions.
Pros
  • Immediate rental income from solvent, employed tenants
  • Located near public transport, amenities, and beach
  • Below-market price for a 4-bedroom unit in central Alicante
Cons
  • No property visits or technical inspections possible pre-purchase
  • Cannot be mortgaged while occupied, limiting financing options
  • Tenant may have preferential acquisition rights, complicating exit strategy
Description

RENTED PROPERTY, IDEAL FOR INVESTORS. 4-bedroom apartment in Alicante. Located in the Carolinas Bajas neighborhood, this 85 m² second-hand property offers good public transport connections via bus lines 06, 09, and 10, or private transport with easy access to the N-332. Its proximity to schools, high schools, parks, public agencies, supermarkets, sports pavilions, a football stadium, a municipal swimming pool, pharmacies, and health centers, as well as places of historical and cultural interest such as the Santa Bárbara Castle, makes it an intelligent proposal at an affordable price. The property is located on the third floor of a building constructed in 1960 and, with an area of 85 m², consists of a living-dining room, a kitchen furnished and equipped with an oven, ceramic hob, and extractor hood, 4 bedrooms, and 1 bathroom. For all these reasons and its location, just 10 minutes from Postiguet Beach and the Marina, this property represents a move-in-ready opportunity. Information about the rented property: The property is currently rented at market price, with solvent tenants who have steady employment and payroll, paying rent punctually and regularly. Contract details: Current monthly rent: €612.74. Important: Given the occupational status of the property, it is not possible to conduct visits. For more information, do not hesitate to contact us. - The property is transferred leased to a third party and with a possible right of first refusal by said party. The Property will be transferred: (i) as a certain body and lump sum (ii) as a whole, inseparable (iii) in the registry and cadastral state in which it is found (iv) in the physical, quality, legal, urban planning, administrative, licensing, protection, conservation, and cleaning state in which it is found (v) up to date with expenses and taxes that by Law correspond to the Seller. The Acquirer will assume (i) the physical situation and state of conservation (ii) the urban planning situation (iii) the discrepancies between the physical reality and the registry and cadastral reality or in the capacity of the Property (iv) the registry and cadastral adaptation of the Property. The Property will not be responsible for (i) the solvency of the tenant or the conditions of the lease agreement, (ii) state of conservation (iii) visible and apparent defects (iv) registry or cadastral regularization (v) discrepancies in capacity that may exist (vi) responsibility for obtaining the certificate of occupancy of the Property, unless its delivery is mandatory in the Autonomous Community where the Property is located and (vii) any costs, expenses, fees, tariffs, or taxes derived from the above. If, as of the date of sale, the Property has legally sued the tenant, the acquirer may be subrogated in said lawsuit, not being able to claim any amount from the Property as a result thereof, except for the fees of lawyers and solicitors that had accrued up to the date of the transfer, which, in any case, will be borne by the latter. The occupancy status and/or the impediments to the property being freely visited by technicians would prevent: i) its official appraisal as required by Order ECO/805/2003, of March 27, so the property, while the occupational situation persists, could not be mortgaged. Consequently, mortgage financing could not be constituted on this type of property, the acquisition of which will require the granting of other types of guarantees in case financing is requested and ii) the obtaining by the property of the energy efficiency certificate. In the event that the Property does not have the deposits or guarantees that were constituted in the lease agreement because it was not the initial lessor of the contract, the.

Features
Elevator
Investment Summary
Purchase Price €161,000
Taxes (ITP 10%) + €16,100
Notary Fees + €1,352
Registry Fees + €515
Gestoría Fees + €483
Valuation + Other + €339

Total Investment €179,789
Est. Monthly Rent €0/mo
Est. Annual Rent €0/yr

Est. Yield 0.0%
Low (Estimated)
Days on Market
198
First seen
2026-02-10
View on Idealista