SPANISH PROPERTY EXPERTS

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Description

Income-Generating Residential Building for Sale in Alicante – Altozano~~A 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~• Elevator~~Total: 4 independent apartments, each featuring:~• 2 bedrooms~• 2 bathrooms~• Living room with kitchen area~• Private terrace~~Approximate 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 sqm~~Annual ownership costs:~• IBI (property tax): €1,188.22/year~• Waste collection (basura): €462/year~~Investment 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 units~Potential 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 center~~A flexible investment opportunity with the potential to optimize rental income and increase long-term asset value.~~

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