Active ID: 88009508 Mercado

Duplex for sale in Avenida General Marva, 4

3 Bed • 3 Bath • 195 m² • Floor 8

€730,000

AI Analyst
Long-term Rental

"Spacious, fully refurbished penthouse duplex in Alicante’s Mercado area, offering panoramic views, high ceilings, and multiple terraces. Premium location and unique features provide strong appeal, but rental yield is below market average for investors."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to current standards
Pros
  • Prime central location with excellent views
  • Large, bright living spaces and terraces
  • Fully refurbished in 2001, move-in ready
Cons
  • Low gross rental yield (~2.8%) limits cash flow
  • Refurbishment is dated (2001), may need updates
  • High price point narrows tenant pool
Description

Magnificent Penthouse COMPLETELY REFURBISHED IN 2001, with great views of Los Luceros square and Al Castillo. With a huge balcony towards the Avenue and a bright glazed terrace next to the large kitchen and with incredible views of the Castle. The house has a cozy living room with high ceilings 5 m high and wide. If we continue down the hall we find a full bathroom on the left that includes a jacuzzi. We continue and we find the master bedroom suite with high ceilings and built-in wardrobes of extensible and folding coat racks with a height of more than 4 m. The bedroom bathroom has two sinks, shower and toilet. Then we have a comfortable office and then another bedroom with built-in closets and lots of light. Finally we arrive at the kitchen where the dining room is also located, and the glazed terrace as a living room and a toilet in another small terrace that also has a closet, where we access the clothesline and the boiler. From the main living room, you can access through some comfortable stairs up and down to the top where we have a large bedroom with air conditioning and heating and at the end of it we find the storage room.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €730,000
Taxes (ITP 10%) + €73,000
Notary Fees + €6,132
Registry Fees + €2,336
Gestoría Fees + €2,190
Valuation + Other + €339

Total Investment €813,997
Est. Monthly Rent €1,665/mo
Est. Annual Rent €19,980/yr

Est. Yield 2.45%
Days on Market
257
First seen
2025-08-04
View on Idealista