Active ID: 111081274 Centro Tradicional

Flat / apartment for sale in Calle Gerona

4 Bed • 2 Bath • 133 m² • Floor 3

€599,000

↑ 6.0% from €565,000
€599,000 2026-07-01
€565,000 2026-04-08
AI Analyst
Long-term Rental

"Spacious 4-bedroom apartment in Alicante’s Centro Tradicional, offering strong city-center fundamentals and value-add potential through renovation, with proximity to cultural landmarks, schools, and the port enhancing long-term rental appeal."

Negotiation Leverage Balanced
Value Add Full interior renovation (kitchen, bathrooms, finishes) to modern standards
Pros
  • Prime central location near Explanada, port, and cultural sites
  • Large 133 m² layout with 4 bedrooms, suitable for families or sharers
  • Elevator and central air conditioning increase tenant appeal
Cons
  • Requires significant renovation, increasing upfront capital outlay
  • No terrace or outdoor space, which may limit premium rental pricing
  • Potential for higher vacancy or tenant turnover due to city-center dynamics
Description

Located in one of the most iconic areas of downtown Alicante, just steps away from the Explanada de España, the Teatro Principal, and the Club Náutico, this elegant apartment represents an exceptional opportunity to create a unique residence or make an investment with great potential in one of the city's most sought-after locations. Situated in a historic building with an elevator, the property combines the charm of traditional architecture with the convenience of a prime location, surrounded by the best cultural, gastronomic, and leisure offerings in Alicante. The residence has a built area of 133 m² and offers a spacious and versatile layout, with four bedrooms and two bathrooms. Its rooms are notable for the abundant natural light provided by its outward-facing windows, creating a bright, warm, and welcoming atmosphere throughout the day. Additionally, it features centralized air conditioning, ensuring comfort and well-being at any time of the year. The property requires renovation, offering the opportunity to design and personalize each space to the highest quality and style standards, transforming it into a truly exceptional residence in the heart of Alicante. Its excellent location, near prestigious schools and hospitals, as well as the marina and city beaches, makes it an ideal choice for both families and those who wish to enjoy a sophisticated urban lifestyle, with the Mediterranean Sea always present. A unique opportunity for those seeking space, location, and potential in one of the most desired addresses in Alicante.

Features
Elevator
Air Conditioning
Exterior
Investment Summary
Purchase Price €599,000
Taxes (ITP 10%) + €59,900
Notary Fees + €5,032
Registry Fees + €1,917
Gestoría Fees + €1,797
Valuation + Other + €339

Total Investment €667,984
Est. Monthly Rent €1,712/mo
Est. Annual Rent €20,542/yr

Est. Yield 3.08%
Days on Market
141
First seen
2026-04-08
View on Idealista