Apartment complex for sale in Lisbon

Prime Investment Opportunity in Historic Sta. Apolónia – Income-Generating Building with Guaranteed Return. Discover this exceptional income-generating building located in the highly sought-after historic district of Sta. Apolónia. Offering a strong and guaranteed return, this four-story condominium property presents a rare investment opportunity. Property Layout: •Ground Floor: A 23m² studio with a 9m² outdoor balcony. •First Floor: A fully renovated 27m² T1 apartment. •Second Floor: A 53m² T2 apartment featuring a 22m² outdoor courtyard. •Third Floor: A 43m² T1 apartment. Rental Overview: •The ground floor studio and first-floor T1 have both been fully renovated and are currently rented at €825/month and €800/month, respectively. Yearly contracts with a fixed increase of 50 euros per month at contract renewal. •The second-floor T2 is under a lifelong lease with an old rent of €185/month, providing substantial potential for future rent increases. •The third-floor T1 is rented to an IPSS for €750/month. Yearly contracts with a fixed increase of 50 euros per month at contract renewal. The building generates an annual income of €30,720, ensuring an attractive return from the outset. Additionally, renovation work on the second and third floors could significantly boost rental yields, aligning with current market values in the region. Investment Highlights: •Strong initial rental income with further potential to increase. •Located in a historic, high-demand area of Lisbon. •Perfect for investors seeking a stable and scalable income stream. Contact me today for more information and to schedule a viewing. Don't miss out on the chance to turn your dream villa into a reality. I share my 50%-50% commission with all agencies. Important: Digital channels allow me to ensure close monitoring of all my clients. I am 100% available, by phone or e-mail, to provide you with any additional information about this property and to schedule a physical or online visit. IAD is a digital real estate agency based on professionalism and transparency, working in partnership with commissions with all agencies with an AMI number. As an independent real estate consultant, I have the autonomy to manage my schedule, which allows me to get to know you and offer the best service wherever you are, ensuring personalized support at all stages of your project. You can contact me in Portuguese, French, or English. #ref: 117850.

Additional Property Information:
• Bathrooms: 4
• Size: 177 m²
• Energy Rating: D
• Reference: 117850