Active ID: 111376962 Centro Tradicional

Flat / apartment for sale in Med Pascual Perez

5 Bed • 2 Bath • 190 m² • Floor 7

€499,900

↓ 14.5% from €585,000
€499,900 2026-07-25
€555,000 2026-06-01
€565,000 2026-05-21
€585,000 2026-05-10
AI Analyst
Long-term Rental

"Spacious 190 m² apartment in Alicante’s Centro Tradicional offers rare 5-bedroom layout, abundant natural light, and optional double garage—ideal for value-add investors seeking prime city-center assets."

Negotiation Leverage Balanced
Value Add Full interior renovation to modern standards; potential to reconfigure layout for higher rental yield or coliving.
Pros
  • Prime central location with strong tenant demand
  • Large floor area and 5 bedrooms—rare in city center
  • Optional double garage with direct access enhances value
Cons
  • Significant renovation required to achieve market rents
  • High acquisition and renovation costs may compress yield
  • Community and property taxes add to ongoing expenses
Description

***GARAGE SPACE FOR TWO CARS OPTIONAL WITH DIRECT ACCESS FROM THE ELEVATOR*** This impressive apartment in the heart of Alicante combines a privileged location with hard-to-find spaciousness. With 190 m² built, this home stands out for its magnificent south-facing orientation, guaranteeing sun and natural light throughout the day. What makes this property special: - Unlimited space: 5 spacious bedrooms and a large kitchen. - Infinite potential: Ideal for those looking for a renovation project and to design the home of their dreams on an unbeatable foundation. - Total comfort: Optional garage space for 2 cars in the same building, with direct access from the elevator. - Premium accessibility: Recently renovated building entrance with a zero-level elevator, with direct access from the garage to the home. Located in the city center, with all services, shops, and the charm of Alicante at your feet. Come and see the possibilities offered by this unique space! - Property IBI €748/year. - Garage IBI €68/year. - Garbage tax €142/year - Property community €245/quarter - Garage community: €71.49/quarter The indicated price does not include expenses: - Notary. - Registry. - Taxes. - Real estate agency fees 1% + VAT, with a minimum of €4,500 + VAT. - Utility changes.

Features
Elevator
Terrace/Balcony
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €499,900
Taxes (ITP 10%) + €49,990
Notary Fees + €4,199
Registry Fees + €1,600
Gestoría Fees + €1,500
Valuation + Other + €339

Total Investment €557,527
Est. Monthly Rent €2,318/mo
Est. Annual Rent €27,821/yr

Est. Yield 4.99%
Days on Market
76
First seen
2026-05-10
View on Idealista