Active ID: 88009508 Mercado

Duplex for sale in Avenida General Marva, 4

3 Bed • 3 Bath • 195 m² • Floor 8

€780,000

↑ 6.8% from €730,000
€780,000 2026-05-04
€730,000 2025-08-04
AI Analyst
Long-term Rental

"Spacious, fully refurbished penthouse duplex in central Mercado area with panoramic views, high ceilings, and multiple terraces offers strong appeal for premium tenants but faces yield constraints at current pricing."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms to current luxury standards
Pros
  • Prime central location with landmark views
  • Large, flexible living spaces and terraces
  • Fully refurbished in 2001, minimizing immediate capex
Cons
  • Gross yield below 3% at asking price
  • Refurbishment is over 20 years old; modernization may be needed
  • Limited bedroom count for size may restrict coliving potential
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 €780,000
Taxes (ITP 10%) + €78,000
Notary Fees + €6,552
Registry Fees + €2,496
Gestoría Fees + €2,340
Valuation + Other + €339

Total Investment €869,727
Est. Monthly Rent €1,665/mo
Est. Annual Rent €19,980/yr

Est. Yield 2.45%
Days on Market
310
First seen
2025-08-04
View on Idealista