Lisbon, Lisbon, Portugal

Opportune Investment! Income-generating building located in the historic area of Sta. Apolónia, offering a guaranteed return. This condominium property comprises four floors, from the ground floor to the three upper floors, all with active lease contracts.

Each floor offers a specific layout:

On the ground floor, a 23m2 studio with an outdoor balcony of 9m2.
On the first floor, a 27m2 T1 apartment.
On the second floor, a 53m2 T2 apartment with a 22m2 outdoor courtyard.
On the third floor, a 43m2 T1 apartment.
The first two floors have been fully renovated and are rented out, respectively, for 825/month and 800/month, with one-year contracts started in April. The second floor benefits from an old, lifelong rent of 180/month, offering significant potential for increase. The third floor is currently leased to an IPSS for 570/month, with the possibility of increasing the rent after renegotiation in August of this year.

With a current annual income of 28,500, this building already offers an excellent return. Furthermore, considering renovation work on the second and third floors, potential rents could be significantly increased, according to regional benchmark values.

Don't miss out on this solid investment opportunity in a sought-after historic area. Contact me today for more information and to schedule a viewing!
I speak French, English, and Italian.
I share 50%/50% with all agencies.
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