Flat for sale in San Blas, Alicante / Alacant city, Alicante

Great investment opportunity in the center of Alicante (San Blas)!

Property with a fully operational, turnkey real estate business, running for 2 years and offering demonstrable returns. Completely renovated and meticulously optimized project using excellent-quality materials. It is being offered for sale because the owner is reinvesting in new projects.

Property details: 70 m² property in the center of Alicante (San Blas), fully renovated just 2 years ago.
The home has been laid out and physically divided into 3 completely independent rooms/studios. Each studio includes:
Its own spacious, fully equipped and modern kitchen.
Private full bathroom with excellent finishes and a mini-laundry area.
Very cozy sleeping and living area with a large exterior-facing window.

Equipment in each studio:
Appliances: refrigerator, microwave, electric oven, induction cooktop, extractor hood, 50-liter electric water heater, washing machine and kettle.

Climate control and comfort: ceiling fan.
Furniture and household items: double bed with storage base, desk, dining table with chairs, wardrobe, bedside tables, crockery, pots, pans, pictures, décor, bed linen and blankets.
Independent utilities: individual electricity sub-meter with its own circuit breaker and separate water shutoff, making utility management with tenants as easy as possible.

Financial data and returns:
Gross income: a) Short-term rental: €4,500/month (€50/day per studio) → €54,000/year. b) Long-term rental (couples): €2,250/month (€750 per studio) → €27,500/year. c) Long-term rental (1 person): €1,630/month (currently rented to 1 person per studio) → €19,560/year.
Estimated net income: a) Short-term arrangement: €4,200/month (€50,400/year). b) Couples’ arrangement: €2,100/month (€26,000/year). c) Current arrangement (1 person): €1,561/month (€18,740/year). (Conservative figures depending on the rental management arrangement, expenses and services the investor chooses to apply.)

Current status: all 3 studios are rented to highly solvent tenants under long-term contracts. High gross profitability guaranteed.

Location and renovation:
Complete renovation: entirely new electrical system, plumbing, windows and flooring.
Strategic location: in the heart of San Blas, on a quiet street overlooking El Tossal park, just 200 meters from Mercadona, a 5-minute walk from Plaza de los Luceros and a 10-minute walk from the train/AVE station. Area with exceptionally high rental demand.

Advantages for the buyer:
Immediate income from day one with the business fully operational.
Diversified risk: as it consists of 3 independent units, the risk of non-payment or vacancy is drastically reduced.
Simplified management: a product fully optimized for investors.

Low annual fixed costs (€820/year total):
Community fees: €300/year (only €25/month).
Property tax (IBI): €162/year.
Waste collection fee: €59/year.
Home insurance: €240/year.

Unbeatable cash flow in the area for a single registered property.

Price: €288,000
Address: Carrer Camí de Ronda, 15, Alicante