Active ID: 96023856 Casco Histórico

Flat / apartment for sale in Casco Histórico-Santa Cruz

3 Bed • 3 Bath • 125 m² • Floor 4

€1,000,000

AI Analyst
Long-term Rental

"Prime south-facing apartment in Casco Histórico with Mediterranean views, four bedrooms, terrace, and modern amenities. Ready to move in, but offers scope for targeted upgrades to maximize rental yield in a highly desirable, well-connected urban location."

Negotiation Leverage Balanced
Value Add Modernize kitchen and bathrooms; update lighting and decor for premium rental positioning.
Pros
  • Excellent location with sea views and strong local amenities.
  • Spacious layout with four bedrooms and terrace, appealing to families or professionals.
  • Building features elevator, concierge, and accessibility adaptations.
Cons
  • Rental yield is modest relative to purchase price (approx. 2% gross).
  • Some modernization required to achieve premium rents.
  • No storage room and garage is optional, limiting appeal for some tenants.
Description

4th floor dwelling in an 8-story building. Two apartments per floor. South-facing, enjoying great luminosity. Located in an area with undeniable special appeal facing the Mediterranean Sea. It has 140 built square meters, 56 useful exterior square meters, distributed in a hall, a bright and comfortable living-dining room, kitchen, four bedrooms, two bathrooms (one en-suite), and a toilet. Terrace. Gallery. Heating by radiators, boiler. The access door to the dwelling is reinforced. Marble flooring throughout the dwelling, with the exception of the kitchen and gallery, which have tiled floors. Interior carpentry in solid oak passage doors and wardrobes, living room and kitchen doors with glass panels, wardrobe doors are smooth and veneered to match the passage doors, internally lined and equipped with shelves, hanging rails, and drawers. Electrical installation according to Low Voltage Electrotechnical Regulations, and 1st quality electrical mechanisms. Electric shutters. Porcelain stoneware tiling with decorative border in the kitchen and bathrooms. Video intercom. Terrace equipped with awnings. Concierge. Surrounded by services; Wide cultural, leisure, and social offerings; Theater, Cafes, Restaurants, Pharmacies, Hairdressers, Banks, Hotel, Supermarket. READY TO MOVE IN! NEEDS IMPROVEMENTS Elevator; yes. Porter's lodge adapted for people with reduced mobility. Garage/Parking; optional. Storage room: no. Furnished; yes. IBI: €667.64 apartment + €40.67 garage. Garbage: €56.59. Well connected; bus lines 02, and C-6, the latter connecting to EL ALTET International Airport. Opposite the TRAM station (commuter tram). Next to the taxi stand. Garage included.

Features
Elevator
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €1,000,000
Taxes (ITP 10%) + €100,000
Notary Fees + €8,400
Registry Fees + €3,200
Gestoría Fees + €3,000
Valuation + Other + €339

Total Investment €1,114,939
Est. Monthly Rent €1,670/mo
Est. Annual Rent €20,040/yr

Est. Yield 1.8%
Days on Market
119
First seen
2025-12-16
View on Idealista