Active ID: 110948912 Mercado

Flat / apartment for sale in Mercado

6 Bed • 1 Bath • 90 m² • Floor 1

€390,000

AI Analyst
Long-term Rental

"Spacious 3-bedroom apartment in central Alicante with high ceilings, modern insulation, and strong transport links. Vacant possession offers a value-add opportunity in a prime location near Mercado and La Rambla, ideal for repositioning or stable rental income."

Negotiation Leverage Balanced
Value Add Refresh interiors and update kitchen/bathrooms to modern standards
Pros
  • Prime central location near Mercado and La Rambla
  • High ceilings, double-glazed windows, and modern heating/cooling
  • Elevator and low-density building (two neighbors per floor)
Cons
  • Currently being vacated due to defaulting tenants (potential legal/occupancy risk)
  • Estimated gross yield below 4% at asking price
  • Potential need for interior modernization to maximize rental value
Description

Investment opportunity in the heart of Alicante. This apartment with high ceilings and thick walls is currently being vacated due to defaulting tenants, representing an excellent opportunity to revitalize the property. Located on the extension of Benito Pérez Galdós, it features Climalit double-glazed windows ensuring optimal thermal and acoustic insulation. It has central and individualized heating for greater comfort throughout the year, as well as air conditioning. Inside, we find three spacious and bright bedrooms along with a double bathroom equipped with a jacuzzi, ideal for relaxing moments after work. Its equipped kitchen is designed with both functionality and aesthetics in mind. Large built-in wardrobes guarantee ample storage space. Additionally, there is a loft offering further possibilities. Just 400 meters from the Central Market and 500 meters from La Rambla, its strategic location is perfect. Fully connected by public transport. Very quiet as there are only two neighbors per floor. Also enjoy the added privilege of living or investing here: a building equipped with an elevator. Make your real estate dreams come true today. ** Fees are separate.

Features
Elevator
Terrace/Balcony
Exterior
Investment Summary
Purchase Price €390,000
Taxes (ITP 10%) + €39,000
Notary Fees + €3,276
Registry Fees + €1,248
Gestoría Fees + €1,170
Valuation + Other + €339

Total Investment €435,033
Est. Monthly Rent €1,156/mo
Est. Annual Rent €13,868/yr

Est. Yield 3.19%
Days on Market
45
First seen
2026-03-22
View on Idealista