Active ID: 111081274 Centro Tradicional

Flat / apartment for sale in Calle Gerona

4 Bed • 2 Bath • 133 m² • Floor 3

€565,000

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

This exclusive apartment, located in the center of Alicante, in close proximity to the iconic Explanada de España, the Teatro Principal, and the yacht club, offers an excellent opportunity for art, culture, and city life enthusiasts. Located in a historical building, this property requires renovation to turn it into a dream home or a unique investment. The apartment, with a built area of 133 m², features four spacious bedrooms and two bathrooms. The outward-facing windows provide ample natural light and create a warm and cozy atmosphere in every room. Additionally, the apartment has central air conditioning, ensuring year-round comfort. An elevator in the building facilitates access and makes it suitable for those who value convenience and functionality. The proximity to prestigious schools and hospitals makes it an ideal option for families. Furthermore, the location allows you to enjoy the beauty and leisure opportunities of the port and nearby beaches, as well as explore the city's rich cultural offerings. Ideal for those seeking the connection between city life and proximity to the sea.

Features
Elevator
Air Conditioning
Exterior
Investment Summary
Purchase Price €565,000
Taxes (ITP 10%) + €56,500
Notary Fees + €4,746
Registry Fees + €1,808
Gestoría Fees + €1,695
Valuation + Other + €339

Total Investment €630,088
Est. Monthly Rent €1,614/mo
Est. Annual Rent €19,364/yr

Est. Yield 3.07%
Days on Market
63
First seen
2026-04-08
View on Idealista