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EDIFICIO RESIDENCIAL EN EL CENTRO DE ALICANTE Carrer de Pablo Iglesias, 11 15 Unit Apartment Building $3,242,690 ($216,179/Unit) 8% Cap Rate Alicante, Alicante 03004
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Investment Highlights
- Mixed-use building with five floors, consisting of 15 apartments and one commercial space.
- "Turnkey delivery in five months, with contemporary furniture and finishes included."
- In the heart of Alicante, close to the Tram and 1 km from Postiguet Beach.
- Located in a well-established residential area with high demand and potential for profitability.
Executive Summary
Magnificent investment opportunity in the heart of Alicante, just steps away from the Central Market, the Bullring, the TRAM network, and Postiguet Beach.
This mixed-use building, currently in the final stages of a complete renovation, spans approximately 580.55 m² and includes a total of 15 contemporary apartments along with a ground-floor commercial space of 86.5 m².
The "turnkey" delivery is scheduled for five months from now.
Each unit will be delivered fully furnished and equipped, featuring modern interiors, high-quality finishes, and complete appliances, allowing for immediate rental operation or individual sale.
The design is tailored to maximize functionality and comfort, appealing to both medium-term and long-term tenants.
The commercial space provides an additional income stream, enhancing the overall profitability potential of the asset.
This is a perfect opportunity for investors seeking a hassle-free property, ready to generate income from day one, located in the vibrant urban center of Alicante—a high-demand residential area with strong occupancy rates.
This mixed-use building, currently in the final stages of a complete renovation, spans approximately 580.55 m² and includes a total of 15 contemporary apartments along with a ground-floor commercial space of 86.5 m².
The "turnkey" delivery is scheduled for five months from now.
Each unit will be delivered fully furnished and equipped, featuring modern interiors, high-quality finishes, and complete appliances, allowing for immediate rental operation or individual sale.
The design is tailored to maximize functionality and comfort, appealing to both medium-term and long-term tenants.
The commercial space provides an additional income stream, enhancing the overall profitability potential of the asset.
This is a perfect opportunity for investors seeking a hassle-free property, ready to generate income from day one, located in the vibrant urban center of Alicante—a high-demand residential area with strong occupancy rates.
Property Facts
| Price | $3,242,690 | Apartment Style | Mid-Rise |
| Price Per Unit | $216,179 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 8% | Building Size | 6,254 SF |
| No. Units | 15 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1920/2026 |
| Property Subtype | Apartment |
| Price | $3,242,690 |
| Price Per Unit | $216,179 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 6,254 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1920/2026 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | $1,252 | - |
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EDIFICIO RESIDENCIAL EN EL CENTRO DE ALICANTE | Carrer de Pablo Iglesias, 11
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