Building for sale in Odivelas of 171 m² – ID 2273942

Building for Investors | Full Ownership | 3 Apartments | Immediate Income | High Appreciation Potential Exclusively for investors. We present an excellent investment opportunity, ideal for those looking for an asset with immediate income and significant appreciation potential. It is a freehold building, consisting of three apartments currently rented, which provide an overall monthly income of €1,500, corresponding to an initial gross profitability of around 5.8% per year, considering the sales price of €310,000.00. Current tenants may vacate the properties if the future owner intends to requalify or remodel them, in accordance with applicable legislation. On the ground floor, the property also has a garage/warehouse measuring around 150 m², corresponding to the building's commercial space. This space is not rented at the owner's option, representing an excellent opportunity to increase the profitability of the investment or adapt it to different uses, by obtaining legally required authorizations. Considering the rental market in the area, this space could represent an estimated additional income of between €750 and €1,200/month, allowing the gross profitability of the investment to increase to values between 8.7% and 10.4% per year. Main Features: Building in full ownership. Consisting of 3 apartments. All apartments currently leased. Current monthly income of €1,500. Current gross profitability of 5.8%/year. Garage/warehouse (commercial space) with approximately 150 m². Space not rented at the owner's option, allowing the property's profitability to be increased. Excellent opportunity for investors who wish to rehabilitate, value and maximize the return on investment. Sale price: €310,000.00. Important information The property does not have a Use License. Its sale is carried out in accordance with current legislation applicable to properties in this situation. This circumstance does not dispense with checking the viability of the intended project with the competent authorities. If you are looking for an investment with immediate income, high potential for appreciation and the possibility of significantly increasing profitability, this building brings together unique characteristics to integrate your investment portfolio. Contact me for more information, documentation or to schedule a visit. #ref: 985464

building of 171 m²

Odivelas, Lisbon Region, Portugal

Location