Active
ID: 111049504
Casco Histórico
Flat / apartment for sale in Rbla. de Méndez Núñez, 16
1 Bed • 1 Bath • 45 m² • Floor 2
€310,000
AI Analyst
Long-term Rental"Turnkey 1-bedroom apartment in Casco Histórico with terrace and elevator, offering immediate rental income potential in a sought-after, quiet location. No renovations required, making it ideal for hassle-free investment."
Negotiation
Leverage
Balanced
Value Add
None - Turnkey
Pros
- •Ready to move in, no renovation costs
- •Desirable features: terrace, elevator, exterior orientation
- •Located in a quiet, historic area with stable rental demand
Cons
- •Small size (45 m²) limits tenant pool
- •Yield is moderate given high price per m²
- •Limited value-add or appreciation potential due to turnkey condition
Description
Bright and comfortable apartment, ready to move into from day one. Quiet surroundings, ideal for resting. No renovations needed.
Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price
€310,000
+ Fees & Taxes
+ €35,865
Taxes (ITP 10%)
+ €31,000
Notary Fees
+ €2,604
Registry Fees
+ €992
Gestoría Fees
+ €930
Valuation + Other
+ €339
Total Investment
€345,865
Est. Monthly Rent
€978/mo
Est. Annual Rent
€11,736/yr
Est. Yield
3.39%
High
(5 Comps)
Days on Market
1
First seen
2026-03-29