Active
ID: 110598062
Centro Tradicional
Flat / apartment for sale in Calle Bazán
2 Bed • 2 Bath • 55 m² • Floor 5
€590,000
AI Analyst
Long-term Rental"Recently reformed 2-bedroom, 2-bath flat in Alicante’s Centro Tradicional, offering modern amenities, east-facing balcony, and strong rental appeal in a prime urban location. Turnkey condition with elevator and terrace enhances tenant demand."
Negotiation
Leverage
Balanced
Value Add
None - Turnkey
Pros
- •Prime city center location with high rental demand
- •Fully reformed and furnished, minimizing upfront capex
- •Elevator, terrace, and modern amenities increase tenant appeal
Cons
- •Small size (55 m²) limits tenant profile and rent upside
- •Older building (>50 years) may pose future maintenance risks
- •Gross yield (~2.4%) is low relative to market alternatives
Description
Floor 5th, flat total surface area 55 m², usable floor area 50 m², double bedrooms: 2, 2 bathrooms, air conditioning (hot and cold), age over 50 years, built-in wardrobes, lift, balcony, kitchen, dining room, state of repair: reformed, furnished, neighbours per floor: 2, facing east, reinforced door, sunny, telephone, terrace, lands: marble, exterior.
Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price
€590,000
+ Fees & Taxes
+ €67,953
Taxes (ITP 10%)
+ €59,000
Notary Fees
+ €4,956
Registry Fees
+ €1,888
Gestoría Fees
+ €1,770
Valuation + Other
+ €339
Total Investment
€657,953
Est. Monthly Rent
€1,161/mo
Est. Annual Rent
€13,929/yr
Est. Yield
2.12%
High
(13 Comps)
Days on Market
19
First seen
2026-02-12