Business in Alicante
Income-Generating Residential Building for Sale in Alicante – AltozanoA brand-new detached residential investment property located in the consolidated Altozano district of Alicante. The building is fully completed and ready to generate rental income, offering flexible strategies to maximize returns.The property includes:• 4 residential floors (one apartment per floor)• Shared rooftop terrace• Basement level with storage rooms• ElevatorTotal: 4 independent apartments, each featuring:• 2 bedrooms• 2 bathrooms• Living room with kitchen area• Private terraceApproximate sizes:• Apartments: 50–57 sqm usable area each• Terraces: 7–8.4 sqm• Basement: 63 sqm• Total usable residential area: 273 sqm• Total constructed area with common elements: 403 sqmAnnual ownership costs:• IBI (property tax): €1,188.22/year• Waste collection (basura): €462/yearInvestment scenarios:There are two possible strategies for this asset:Option 1 — Keep the current layout (4 apartments)Estimated long-term rental yield: approx. 5.5% annually.Option 2 — Reconfigure into 8 studio unitsPotential rental yield may reach approx. 7.5% annually (excluding future capital appreciation).Key advantages:• Fully detached building• New construction with elevator• One unit per floor — strong tenant appeal• Private terraces in each apartment• Shared rooftop terrace• Basement with storage rooms• Located in a well-established residential area near the city centerA flexible investment opportunity with the potential to optimize rental income and increase long-term asset value.
Community Fees: €0 / monthly
Basura Tax: €0 / annually
IBI Fees: €0 / annually
Highlights
Reference
R5300770
Price
€1,000,000
Location
Alicante
Area
Alicante
Property Type
Business
Bedrooms
8
Bathrooms
8
Plot Size
0 m2
Built
403 m2
Terrace
0 m2
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