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.
Close
This info given here is subject to errors and do not form part of any contract. The offer can be changed or withdrawn without notice. Prices do not include purchase costs.
First of all, thanks for contacting us.
We have received your request regarding the property reference: RS-92217. One of our agents will contact you as soon as possible.
First of all, thanks for contacting us.
We have received a request for a report if you lower the price of the property with the reference: RS-92217
In the meantime, please have a look at this selection of similar properties, that might be of interest to you:
Save
Save
Make an enquiry
RS-92217
8
8
403m2
Share
PDF/Print
Back
Instagram
Facebook
Tiktok
YouTube
Linkedin