Active ID: 111497645 Mercado

Flat / apartment for sale in Calle Pintor Velazquez

3 Bed • 1 Bath • 101 m² • Floor 3

€225,000

AI Analyst
Long-term Rental

"Fully renovated 3-bedroom apartment in Mercado area offers modern open-plan living and strong rental appeal, with turnkey condition minimizing upfront costs and maximizing immediate income potential."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Fully renovated, move-in ready condition reduces capex.
  • Strong rental yield potential given location and finish.
  • Modern open-plan layout appeals to professional tenants.
Cons
  • Third floor without elevator may limit tenant pool.
  • No private terrace or balcony reduces outdoor space appeal.
  • Potential competition from similar renovated units in area.
Description

Magnificent fully renovated apartment, ready to move into. It stands out for its excellent layout, offering a comfortable and welcoming atmosphere. It has a living-dining room with an integrated American kitchen, creating a modern, functional space perfect for everyday life. Adjacent to the kitchen is the utility room, very practical and functional. It has 3 spacious bedrooms with ample storage closets and 2 full bathrooms. In addition, it has a communal terrace, ideal for enjoying good weather and outdoor moments. Located on the third floor without an elevator, the property is in excellent condition. The location is privileged as it is very close to the Central Market and Av. Alfonso el Sabio. Don't hesitate to visit it! [IW].

Features
Elevator
Air Conditioning
Exterior
Investment Summary
Purchase Price €225,000
Taxes (ITP 10%) + €22,500
Notary Fees + €1,890
Registry Fees + €720
Gestoría Fees + €675
Valuation + Other + €339

Total Investment €251,124
Est. Monthly Rent €1,233/mo
Est. Annual Rent €14,801/yr

Est. Yield 5.89%
Days on Market
67
First seen
2026-05-19
View on Idealista