Active
ID: 112299861
Mercado
Flat / apartment for sale in Calle Belando
3 Bed • 2 Bath • 122 m² • Floor 4
€415,000
AI Analyst
Long-term Rental"Recently reformed 3-bedroom, 2-bath flat in Mercado area offers modern finishes and elevator access, but lacks exterior exposure and terrace, limiting appeal for premium tenants or short-term rental strategies."
Negotiation
Leverage
Balanced
Value Add
None - Turnkey
Pros
- •Fully reformed, minimizing immediate capex needs
- •Prime Mercado location with strong rental demand
- •Elevator access enhances accessibility and tenant pool
Cons
- •No exterior exposure may limit natural light and desirability
- •No terrace or outdoor space, reducing appeal for some tenants
- •Gross yield below 4% at asking price, limiting cash flow potential
Description
Floor 4th, flat total surface area 122 m², usable floor area 103 m², single bedrooms: 1, double bedrooms: 2, 2 bathrooms, lift, kitchen, state of repair: reformed, automatic door phone, reinforced door.
Features
Elevator
Investment Summary
Purchase Price
€415,000
+ Fees & Taxes
+ €47,898
Taxes (ITP 10%)
+ €41,500
Notary Fees
+ €3,486
Registry Fees
+ €1,328
Gestoría Fees
+ €1,245
Valuation + Other
+ €339
Total Investment
€462,898
Est. Monthly Rent
€1,314/mo
Est. Annual Rent
€15,772/yr
Est. Yield
3.41%
High
(117 Comps)
Days on Market
4
First seen
2026-08-23