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Algarve, Portimão, Portugal

€650,000
Mimosa Properties, Lagos
PROPERTY TYPE

House

BEDROOMS

8

BATHROOMS

4

SIZE

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Key features

  • Bedrooms: 8
  • Bathrooms: 4
  • Bedrooms balconies
  • Boat tours
  • Cooker
  • Dual temperature refrigerator
  • Electricity
  • Extractor fan
  • Fence Surround
  • Free public parking

Description

8-Bedroom House Converted into Multifamily Building for Sale in the Heart of Alvor — Just Steps from the Ria, the Beach, and All Local Amenities

General Features:
  • Composed of 4 independent apartments with shared access to a backyard
  • Each apartment is a T2 with fully equipped kitchen, living room, bathroom, and two bedrooms
  • Possibility to add an extra floor
  • Gross Private Area: 301.2 m²
  • Plot Area: 170 m²
Current Layout and Potential:
  • Building with 12 rooms and 2 autonomous units
  • Potential for conversion into:
    • 2 T2s and 3 T1s
    • Rooftop T1 with terrace, barbecue area, and village views
  • Ideal for a modern and well-located short-term rental (AL) project
Prime Location:
  • Situated on one of Alvor’s most emblematic and touristic streets
  • Close to restaurants, bars, shops, transport, and the ria
  • Only a few minutes’ walk from the beach
Excellent Investment Opportunity:
  • Estimated rental yield of 7% per year
  • High appreciation potential after renovation
  • Perfect for holiday rentals, short-term lets, or permanent residence
Don't miss this exclusive opportunity in the heart of Alvor.
Contact us today for more information and to schedule your visit!

Algarve, Portimão, Portugal

NEAREST AIRPORTS

Distances are straight line measurements
  • Faro(International)
    35.6 miles

Advice on buying Portuguese property

Learn everything you need to know to successfully find and buy a property in Portugal.

About Mimosa Properties, Lagos

For 20 years based in Lagos, MimosaProperties has been active in the areas of buying, selling, renting, and property management. By focusing on quality and precision, combined with our experience and knowledge, we offer an exclusive real estate mediation service in the Western Algarve region.

We are an agency managed by a multilingual team, specialized in property sales and acquisitions, with deep knowledge of the local market. Our methodology is based on personalized service, ensuring our clients a completely transparent and professional experience.

Notes

These notes are private, only you can see them.

This is a property advertisement provided and maintained by Mimosa Properties, Lagos (reference 3852) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

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