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 central Mercado area with panoramic views, high ceilings, and multiple terraces offers strong appeal for premium tenants or owner-occupiers seeking exclusivity and comfort."

Negotiation Leverage Balanced
Value Add Update kitchen and bathrooms to modern standards; enhance terrace landscaping
Pros
  • Prime central location with excellent views and amenities
  • Large, flexible living spaces with high ceilings and natural light
  • Recent refurbishment (2001) reduces immediate capex needs
Cons
  • Rental yield is low relative to asking price (approx. 2.7% gross)
  • Refurbishment is over 20 years old; some finishes may be dated
  • Premium pricing limits upside and narrows target 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
211
First seen
2025-08-04
View on Idealista