Flat / apartment for sale in Calle Poeta Zorrilla
3 Bed • 1 Bath • 110 m² • Floor 4
€120,000
AI Analyst
Long-term Rental"Portfolio sale of four 100m² tenanted apartments in Carolinas Bajas, Alicante, offers scale and stable cash flow potential, but requires full renovation and simultaneous purchase. Central location and strong rental demand enhance investment appeal."
Pros
- •Portfolio acquisition enables operational scale and cost efficiencies
- •All units currently tenanted, providing immediate rental income
- •Prime location near city center and amenities supports rental demand
Cons
- •Significant capital expenditure required for renovations
- •Simultaneous purchase of all four units complicates financing and liquidity
- •No elevator in building may limit tenant profile and future resale
Description
4 apartments for sale on Poeta Zorrilla street, 1st, 3rd, 4th and ground floor. Between €120,000 and €140,000, depending on the height. They all have to be sold at the same time, there may be more than 1 buyer but all 4 must be deeded at the same time. They need to be renovated. All of them are around 100 useful square meters. All with tenant. No elevator. Building with 5 apartments. Next to the Plaza de Pio XXII. Area very close to the center and with many shops around, it also has very good communications. Ask about them, good investment opportunity.