Investment Building in Prior Velho | 11 Apartments, Immediate Income and High Potential for Appreciation
600 000€
- Usable: 255m2
- Floor: 333m2
- C.E.: E
- Year: 1960
- Ref: 66907-TEA260343
Location
Lisboa, Loures, Sacavém e Prior Velho, Centro (Prior Velho)
Description
Fully-owned building located in Prior Velho, comprising 11 apartments and an attic with high development potential.
The property comprises a ground floor, three residential floors and an attic. On the ground floor there are 4 fully renovated studio apartments, currently unoccupied and ready to be immediately placed on the rental market or operated as medium-term accommodation.
The remaining floors are fully rented:
* 1st floor with 1 T3 and 1 T2
* 2nd floor with 1 T3 and 1 T2
* 3rd floor with 1 T3 and 1 T2
The attic, currently unused, benefits from river views and represents an excellent opportunity for extension, requalification or creation of a new housing unit, subject to feasibility and licensing.
The building currently has a monthly income of €3,208, with 4 contracts valid until 2027 and 2 long-term contracts, ensuring stability and predictability of return for investors.
Located in a strategic area of Greater Lisbon, Prior Velho benefits from excellent road access, proximity to Humberto Delgado Airport, Parque das Nações and the center of Lisbon, as well as strong demand in the rental market. The area has seen increasing real estate appreciation, making this asset a solid opportunity for investors looking for immediate income combined with the potential for future appreciation.
The property comprises a ground floor, three residential floors and an attic. On the ground floor there are 4 fully renovated studio apartments, currently unoccupied and ready to be immediately placed on the rental market or operated as medium-term accommodation.
The remaining floors are fully rented:
* 1st floor with 1 T3 and 1 T2
* 2nd floor with 1 T3 and 1 T2
* 3rd floor with 1 T3 and 1 T2
The attic, currently unused, benefits from river views and represents an excellent opportunity for extension, requalification or creation of a new housing unit, subject to feasibility and licensing.
The building currently has a monthly income of €3,208, with 4 contracts valid until 2027 and 2 long-term contracts, ensuring stability and predictability of return for investors.
Located in a strategic area of Greater Lisbon, Prior Velho benefits from excellent road access, proximity to Humberto Delgado Airport, Parque das Nações and the center of Lisbon, as well as strong demand in the rental market. The area has seen increasing real estate appreciation, making this asset a solid opportunity for investors looking for immediate income combined with the potential for future appreciation.
