Active ID: 110650301 Mercado

Terraced house for sale in Calle Maestro Gaztambide

6 Bed • 4 Bath • 220 m² • Floor 2

€395,000

AI Analyst
Coliving

"Prime Alicante city center building with two large, segregated flats and significant development potential. Rare opportunity for repositioning, expansion (up to 5 floors + penthouse, subject to planning), or value-add rental strategies in a high-demand urban location."

Negotiation Leverage Balanced
Value Add Full renovation of both units; potential vertical expansion (subject to planning); optimize for coliving or multi-unit rental.
Pros
  • Prime city center location with strong rental demand
  • Segregated units allow flexible rental or resale strategies
  • Significant upside via renovation and possible vertical expansion
Cons
  • Full renovation required, increasing upfront capital needs
  • Planning risk for vertical expansion; subject to municipal approval
  • No elevator and limited exterior exposure may limit premium rental appeal
Description

BUILDING FOR SALE ON MAESTRO GAZTAMBIDE STREET, ALICANTE CITY CENTER – Great investment opportunity Complete single-family building for sale on Maestro Gaztambide street, located in one of the most sought-after areas of Alicante. In the heart of Alicante, with immediate access to shops, restaurants, services, public transport, and emblematic city areas. Possibility to expand and build 5 floors + Penthouse (subject to urban planning regulations) If you are looking for a property with high potential for revaluation, development, and profitability, this is a rare opportunity. The property consists of: 2 independent homes with 3 bedrooms and 2 bathrooms each. Segregated and with their own cadastral references 110 m² each home according to the Cadastre Common areas Property to be renovated An exceptional feature that makes this asset a true development or repositioning operation. Great potential: Complete renovation and resale Development of new homes Traditional / long-term rental Room rental / coliving Home + investment Asset in a prime location. At Núcleo agencies, we will carry out a free valuation of your apartment, house, or property, in line with the current real estate market. Núcleo's real estate advisors have extensive knowledge of the local market and its characteristics, which adds certainty to their valuations. The property valuation is presented in writing and includes a breakdown of all fiscal expenses associated with the sale. FINANCIAL SERVICE Advantages for the buyer We have professional financing services. Núcleo's loan and credit intermediation advisors provide buyers with faster mortgage approval decisions, simplified documentation, more competitive financial products, and reduced ancillary costs. Additionally, financial intermediation advisors offer personalized solutions for purchasing a home, carrying out renovations, or other specific financing needs. Advantages for the seller Núcleo's extensive database of potential buyers helps shorten property sales times. Furthermore, the seller receives information on how much a potential buyer is willing to pay for an apartment, house, or property in the area where their property is located. ___ Come see it without obligation! ___ WE ARE AT AVENIDA CONDE LUMIARES 31, LOCAL 4 (ALTOZANO) A. P. I. Real Estate Agent (registered nº 1159) LEGAL NOTICE: The information contained in this descriptive notice may contain errors and has no binding legal effect.

Features
Terrace/Balcony
Air Conditioning
Investment Summary
Purchase Price €395,000
Taxes (ITP 10%) + €39,500
Notary Fees + €3,318
Registry Fees + €1,264
Gestoría Fees + €1,185
Valuation + Other + €339

Total Investment €440,606
Est. Monthly Rent €1,707/mo
Est. Annual Rent €20,486/yr

Est. Yield 4.65%
Days on Market
14
First seen
2026-02-17
View on Idealista