Active ID: 111205394 Campoamor

Flat / apartment for sale in Passatge Bañuls

3 Bed • 1 Bath • 73 m² • Floor 1

€140,000

AI Analyst
Long-term Rental

"Well-located 3-bedroom apartment in Altozano, Alicante, offering solid rental demand due to proximity to city center, amenities, and transport. The property’s layout and terrace provide scope for value-add renovations to boost yield and long-term appreciation."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathroom, update finishes, optimize layout for contemporary appeal
Pros
  • Strong location near city center and amenities
  • Three bedrooms increase rental flexibility and yield
  • Terrace and natural light enhance tenant appeal
Cons
  • Requires modernization to maximize value
  • First-floor location may limit views/privacy
  • No mention of parking, which may affect demand
Description

Altozano is a neighborhood that maintains that sought-after balance: active in daily life, with shops, services, and atmosphere, and at the same time well-located, a stone's throw from the center. A consolidated area of Alicante where getting around is comfortable and everything is close by. In this environment, you'll find this first-floor home, with three bedrooms, a bathroom, a separate kitchen, and a small terrace that provides natural light and an always-appreciated outdoor space. The layout is comfortable and allows you to imagine different ways of adapting it to a more current style. It is a home that offers the opportunity to redesign the spaces and give them a more contemporary feel, making good use of its foundation and location. An interesting option for those looking for an apartment with potential, where they can create a very personal home or consider an investment in a neighborhood that continues to have its own life within Alicante. Alicante, with its climate, its proximity to the sea, and its pace of life, brings it all together: light, quality of life, and a city that always adds value.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €140,000
Taxes (ITP 10%) + €14,000
Notary Fees + €1,176
Registry Fees + €448
Gestoría Fees + €420
Valuation + Other + €339

Total Investment €156,383
Est. Monthly Rent €935/mo
Est. Annual Rent €11,222/yr

Est. Yield 7.18%
Days on Market
54
First seen
2026-04-17
View on Idealista