Active ID: 111055884 Mercado

Flat / apartment for sale in Avenida Benito Perez Galdos, 46

5 Bed • 4 Bath • 240 m² • Floor 5

€598,000

AI Analyst
Long-term Rental

"Spacious 5-bedroom apartment in central Mercado area, offering 202 m² of well-appointed interiors, modern amenities, and potential for immediate rental income with existing tenants under a long-term contract."

Negotiation Leverage Balanced
Value Add Modernize bathrooms and update interior finishes for higher rental yield
Pros
  • Large floor area (202 m²) with 5 bedrooms, suitable for families or shared rental
  • Existing long-term tenants provide immediate rental income and reduced vacancy risk
  • Central location in Mercado area with elevator and modern kitchen
Cons
  • Gross rental yield is low (~3%), limiting cash flow potential
  • No terrace or outdoor space, which may reduce appeal for some tenants
  • Potential need for interior updates to maximize rental value
Description

202.64 m2 apartment located on the 5th floor of the building at Benito Pérez Galdós. Possibility of sale with tenants and a long-term rental contract. It consists of the following features: • Entrance hall/hallway with wardrobe and natural light • 50 m2 living-dining room • Living room • Office • Linen closet with 5 built-in wardrobes • Master bedroom with dressing room and full en-suite bathroom • 2 bedrooms with built-in wardrobes and full en-suite bathrooms • Guest bathroom with instant electric water heater to serve said bathroom and those of the master bedroom and bedroom 2 • 35 m2 kitchen fully equipped with kitchen units with a double sink, three-burner ceramic hob, oven, microwave, refrigerator (Balay). • Enclosed utility room with washing machine, dryer, water softener, and 60-liter electric water heater to serve the kitchen and bathroom of bedroom 3 • Armored access door with double locking system and double key • Aluminum exterior carpentry with Climalit double glazing • Interior carpentry in oak wood with gold fittings • Halogen lamps in the hall, hallways, living-dining room, and kitchen.

Features
Elevator
Air Conditioning
Parking
Exterior
Fitted Wardrobes
Investment Summary
Purchase Price €598,000
Taxes (ITP 10%) + €59,800
Notary Fees + €5,023
Registry Fees + €1,914
Gestoría Fees + €1,794
Valuation + Other + €339

Total Investment €666,870
Est. Monthly Rent €1,500/mo
Est. Annual Rent €18,000/yr

Est. Yield 2.7%
Days on Market
1
First seen
2026-04-07
View on Idealista