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Properties

Apartment for sale in Arenal · Palma

Arenal · Palma

Ref. 5208SALEEXCLUSIVE
3
2
118 m²
No
Yes
€299,000

The property

Nappo Real Estate is pleased to present this spacious apartment located on the second floor of a building with lift, built in 1983 and just 120 metres from the sea. This property represents an excellent opportunity for investors seeking immediate rental income in a well-established area with strong and consistent demand. Restaurants, supermarkets, cafés, pharmacies, public transport and the beach are all within walking distance.

The apartment offers 118 m² of built area and 109 m² of usable space. It comprises an entrance hall, a generous living and dining room with access to the balcony, a fully fitted kitchen with separate laundry area, three bedrooms and two full bathrooms, providing a practical layout highly appreciated by long-term tenants.

The property features parquet flooring, aluminium exterior windows, interior glass finishes, fitted wardrobes and air conditioning. While well maintained, it also offers excellent potential for future cosmetic refurbishment, increasing its long-term value.

The property is sold with an active tenancy agreement running until 2031, generating a monthly rental income of €1,050, allowing investors to benefit from immediate and stable returns. Community fees are €75 per month, while the annual refuse tax amounts to €127. The energy certificate is currently in progress.

If you are looking for a secure investment with immediate income, a long-term tenant and an exceptional location just steps from the sea, this property deserves your attention. Contact Nappo Real Estate for further information.

Features

Air conditioningTerraces

Running costs

Community fees€75.00per month
Waste collection€127.00per year

Energy performance certificate

Consumption ratingEConsumption122Emissions ratingEEmissions37.1
ConsumptionE
A
B
C
D
EClass E
F
G
Energy consumption122kWh/m² year
EmissionsE
A
B
C
D
EClass E
F
G
CO₂ emissions37.1kg CO₂/m² year

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The area

Arenal · Palma

Explore the area and its connections. The exact address is shared only with qualified buyers.

Ommy Tabli

Ommy Tabli

Office Palma · Foners

LanguagesSpanish · Italian

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How do you plan to buy? (Optional)

Calculate your mortgage in 1 minute!

Mortgage, taxes, costs and fees explained in four steps.

01 · Tax base and taxation

Property transfer tax (ITP)

We start from the advertised price. If you are considering an offer, enter the amount you would like to analyse here.

Borrower 1€23,920

Illes Balears: reduced-rate band up to €270,151 and current eligibility limit in Mallorca/Menorca of €331,860. Subject to legal eligibility requirements.

02 · Taxes, costs and fees

Transaction taxes and costs

Tax is recalculated using the stated tax base. Standard costs are fixed; only other costs can be edited.

ITP Illes Balears€23,920

Notary€1,500

Land Registry€750

Administrative services€750

Appraisal€700

Infinity Finance fees€5,000

Taxes, costs and fees€32,620

Purchase price€299,000

Total transaction cost€331,620

03 · Purchase structure

How much would you like to finance?

Enter your contribution in euros. We calculate financing against the total transaction cost, including taxes and costs.

Total transaction cost€331,620Purchase price + taxes, costs and fees
Financing as a share of the purchase price90.9 %
Mortgage principal€271,820
Indicative appraisal value€339,775Mortgage principal ÷ 0.80
04 · Mortgage simulation

Calculate your mortgage

Enter the interest rate and term to estimate your monthly repayment.

Indicative simulation based on current regulations and the information entered. Tax benefits require documentary verification by Infinity Finance and do not constitute a binding offer or definitive tax advice.

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Arenal · PalmaSale: €299,000
Nappo team in Mallorca