House for sale in Centro Tradicional
16 Bed • 8 Bath • 427 m²
€1,295,000
AI Analyst
Long-term Rental"Fully renovated 8-unit apartment building in Alicante’s prime Centro Tradicional offers immediate rental income from 7 leased units, with upside from one vacant unit and below-market rents. Modernized systems and central location enhance long-term value."
Pros
- •Immediate rental income from 7 leased units
- •Fully renovated building with updated systems
- •Prime central location ensures strong tenant demand
Cons
- •Some existing rents are below market, limiting short-term yield
- •No elevator or exterior/terrace amenities, potentially limiting premium rents
- •Tenant turnover and rent increases may face regulatory or market resistance
Description
For sale is a fully renovated apartment building in a highly sought-after central location in Alicante. The property comprises a total of 8 residential units, of which 7 are currently rented under long-term residential lease agreements. This allows the new owner to benefit from immediate rental income and a stable occupancy rate from day one. Each apartment features a practical layout consisting of a living room, kitchen, 2 bedrooms, and 1 bathroom. The building has been extensively modernized, including all plumbing, electrical, and drainage systems, and is presented in a well-maintained condition. Particularly attractive is the property's future potential. The currently vacant apartment can be rented out immediately or used according to the buyer's needs. In addition, there is long-term potential to increase rental income, as some existing rents remain below current market levels. Thanks to its prime location, the strong demand for housing in Alicante, and the building's excellent rental structure, this property represents an attractive long-term investment with further value appreciation potential. Key Features 8 residential units 7 apartments currently rented 1 vacant apartment Fully renovated building Approx. 427 m² built area Long-term rental contracts No homeowners' association Prime central location in Alicante This property offers a rare opportunity to acquire an entire residential building in one of Alicante's most desirable locations, combining immediate rental income with excellent future potential. Further documentation and photographs of the individual apartments are available upon request. We will be pleased to provide them and answer any questions you may have about the property.