Income-generating Residential Building for Sale in Alicante – Altozano

Description

Income-generating residential building for sale in the Altozano district of Alicante, brand-new and ready to rent. The building has 4 residential floors (one apartment per floor), a shared rooftop terrace, a basement with storage rooms, and an elevator. Each of the 4 apartments has 2 bedrooms, 2 bathrooms, a living room with kitchen area, and a private terrace (50-57 sqm usable per apartment, plus 7-8.4 sqm terraces). Total usable residential area is 273 sqm; total constructed area including common elements is 403 sqm. Estimated long-term rental yield is around 5.5% annually with the current 4-apartment layout, or up to around 7.5% if reconfigured into 8 studio units. Annual ownership costs are approximately €1,188 (IBI) and €462 (waste collection).