Apartment for sale in Alcantarilla, Murcia

Flat in calle Covadonga, 5, Alcantarilla

Flat in calle Covadonga, 5, Alcantarilla
For Sale
Alcantarilla, ES
Alcantarilla, ES
98 m²
apartment
2026-04-19

Price

€59,000

€602.04 / m²

Description

This comment was automatically translated and may not be 100% accurate. See description in the original language Are you looking for a profitable investment in a well-connected area with high rental potential? This 3-bedroom apartment on Covadonga Street in Alcantarilla is the perfect opportunity for you. With an estimated rental income of €600 per month after renovation, and approximate refurbishment costs of €20,000, it offers an excellent return on investment. The living-dining room, with its included balcony, is an ideal space to relax or share moments with family, and you have the possibility of knocking down the partition that separates it from the kitchen, creating a modern open space that adds even more value and appeal to the property. The 3 bedrooms stand out for their spaciousness, allowing for double beds, wardrobes, and desks with ease, a feature that will attract tenants looking for comfort and space. The kitchen, which includes a laundry room, offers the potential to become a modern and functional area after the renovation. With the option of opening it up to the living room, you will gain light and space, creating a contemporary home that will stand out in the competitive rental market. Located on a second floor without an elevator, this property is surrounded by local services such as shops, a market, and public transportation. In addition, it has excellent connections to the highway and the San Ginés industrial estate, just a 5-minute walk away, making it an attractive option for workers in the area. The need for renovations in electricity, plumbing, windows, and painting, with an approximate cost of €20,000, represents an opportunity to personalize the property and significantly increase its value. Take advantage of this opportunity to maximize your investment with a custom renovation! In order to be eligible for the purchase, it is essential to have at least €31,000 in equity (or €17,000 if you are under 40 years old and meet the other requirements) because the banks are offering around 80% of the total appraisal, plus the ITP tax of 8% (or 3% if you meet the requirements) and the notary and registration fees. IT IS NOT RENTED, ONLY FOR SALE. NO COLLABORATION WITH REAL ESTATE AGENCIES. *TAXES, PURCHASE EXPENSES, AND INTERMEDIATION FEES ARE NOT INCLUDED IN THE PRICE. And if you need help selling your home, we offer free valuations without any commitment.

Need Broker Assistance?

Our experts are here to help you find the perfect property

Est. Monthly Payment

199.00

Apartment for sale in Alcantarilla, Murcia - N1404891