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 offers strong value-add potential due to its prime location near cultural landmarks and the port, but requires full renovation to unlock its investment upside."
Pros
- •Prime city center location near Explanada, Teatro Principal, and port
- •Large 133 m² layout with four bedrooms, suitable for families or sharers
- •Historical building with elevator and central air conditioning
Cons
- •Requires significant renovation, increasing upfront capital outlay
- •Estimated gross yield (~3.5%) is below typical investor targets for the area
- •No terrace or outdoor space, which may limit appeal to some tenants
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.