Active ID: 111497645 Mercado

Flat / apartment for sale in Calle Pintor Velazquez

3 Bed • 4 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, ample storage, and communal terrace. Strong rental demand and turnkey condition make it attractive, though third-floor walk-up may limit some tenant profiles."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Fully renovated, move-in ready condition reduces upfront capex
  • Excellent central location in Mercado area supports rental demand
  • Functional layout with 3 bedrooms and 2 baths maximizes rental yield
Cons
  • Third floor without elevator may deter some tenants or buyers
  • No private terrace or balcony limits outdoor space
  • Potentially higher community fees due to shared amenities
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. Next to the kitchen is the gallery, very practical and functional. It has 3 spacious bedrooms with ample storage closets and 2 full bathrooms. In addition, it has a common use terrace, ideal for enjoying good weather and outdoor moments. Located on the third floor without an elevator, the property is in excellent condition. 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 €1,235/mo
Est. Annual Rent €14,824/yr

Est. Yield 5.9%
Days on Market
1
First seen
2026-05-19
View on Idealista