Income-generating Residential Building for Sale in Alicante – Altozano

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.