Delisted ID: 109008014 Mercado

Flat / apartment for sale in Calle Pintor Velazquez

3 Bed • 1 Bath • 101 m² • Floor 3

€245,000

AI Analyst
Long-term Rental

"Fully renovated, turnkey 3-bedroom apartment in the sought-after Mercado area, offering modern finishes, abundant natural light, and a west-facing balcony. Strong rental demand and immediate occupancy potential make this a compelling investment."

Negotiation Leverage Balanced
Value Add None - Turnkey
Pros
  • Completely renovated and furnished, minimizing upfront capex
  • Prime location in consolidated Mercado area with strong amenities
  • Efficient layout with three bedrooms and ample natural light
Cons
  • Third floor may deter some tenants despite elevator
  • No mention of private parking, which could limit appeal
  • Rental yield is moderate; price per m² is not a deep value play
Description

This spacious apartment of 101 m² built is located on the third floor of a quiet building, with only one dwelling per floor. It has been completely renovated with high-quality materials and is delivered furnished, ready to move in. The house has a very bright living-dining room thanks to its west orientation and direct access to a balcony perfect for enjoying the outdoors. The integrated kitchen is fully equipped with modern appliances and connects seamlessly with the living room, creating an open and functional environment. It has three well-distributed bedrooms, a separate laundry room and a design that maximizes natural light. To ensure comfort throughout the year, the apartment includes heat pump heating, split air conditioning and individual electric water heater. Located in a consolidated area with all services just minutes away, it is ideal both as a permanent home and for investment. Thanks to its excellent condition, distribution and equipment, this apartment represents a unique opportunity for those looking for comfort, style and functionality from day one. This document is for informational, orientational and non-binding purposes only, and therefore does not constitute any contractual information, its use being strictly commercial.

Features
Elevator
Terrace/Balcony
Air Conditioning
Exterior
Investment Summary
Purchase Price €245,000
Taxes (ITP 10%) + €24,500
Notary Fees + €2,058
Registry Fees + €784
Gestoría Fees + €735
Valuation + Other + €339

Total Investment €273,416
Est. Monthly Rent €1,228/mo
Est. Annual Rent €14,732/yr

Est. Yield 5.39%
Days on Market
239
First seen
2025-08-12
View on Idealista