Active ID: 110333562 Mercado

Flat / apartment for sale in Calle Maestro Gaztambide

3 Bed • 1 Bath • 119 m² • Floor 0

€219,000

↓ 25.0% from €292,000
€219,000 2026-04-07
€245,000 2026-03-07
€260,000 2026-02-17
€285,000 2026-02-02
€292,000 2026-01-16
AI Analyst
Long-term Rental

"Spacious 119 m² ground floor apartment in Mercado, Alicante, offers strong rental demand and flexible renovation options, including potential for subdivision into two units, in a prime, quiet, and cosmopolitan city center location."

Negotiation Leverage Balanced
Value Add Reconfigure layout to create two rental units or modernize kitchen and bathroom
Pros
  • Large floor area with flexible layout and subdivision potential
  • Located in a high-demand, central neighborhood with strong rental market
  • Building offers privacy with only one neighbor per floor
Cons
  • Ground floor may limit natural light and perceived security
  • Requires renovation to maximize value and rental yield
  • Single bathroom may limit appeal for larger households or coliving
Description

Fantastic apartment for sale with very good and diverse renovation possibilities and a very good distribution of rooms, making it possible to accommodate large spaces, even separating it into two homes. It currently has three bedrooms, a living room, a huge independent kitchen, and a bathroom. It is a quiet and silent exterior ground floor. Also very interesting as an investment, as the average rent in the area for similar apartments is 1,600 euros per month. The home is located in the Mercado area, one of the most in-demand areas currently, in full boom, a cosmopolitan neighborhood where you can enjoy a wide variety of leisure and culture. The street is very quiet and the neighborhood is ideal for those who like to enjoy the city center. The building has only one neighbor per floor, which provides the home with a lot of privacy, and it also has all services at street level and very good transport links. If you are interested in visiting it or have any questions or doubts, you can write or call me at 6 2 6 5 0 2 8 9 5.

Features
Elevator
Exterior
Investment Summary
Purchase Price €219,000
Taxes (ITP 10%) + €21,900
Notary Fees + €1,840
Registry Fees + €701
Gestoría Fees + €657
Valuation + Other + €339

Total Investment €244,436
Est. Monthly Rent €1,300/mo
Est. Annual Rent €15,597/yr

Est. Yield 6.38%
Days on Market
82
First seen
2026-01-16
View on Idealista