Exciting Investment Opportunity in Madragoa Lisbon ( Lisboa, PT - 1200) Built

€550,000

Living Portugal Property

ronald wayne ronald wayne +351 92 777 1776 (Cell) Request More Info

  • Type: Other
  • Style: Apartment
  • Bedrooms: n/a "Multiple"
  • Bathrooms: n/a "Apartments"
  • Size: 300 sq. m.

Description

Exciting investment opportunity in Madragoa
Santos-o-Velho, 1200, Lisbon

Building to Renovate with 6 apartments
Construction Size 300 m²
Floors 3
No Lift or Garage
6 apartments – (5 Vacant)

Between the prime locations of Santos and Lapa and very close to the French embassy you will find a building to renovate with currently 5 out of 6 vacant apartments.

A new renovation project will allow the expansion for two new floors.

If the investment idea is to have a quick return the apartments can be easily renovated since the structure is in good condition.

A smart option for short-term rental units or even convert in to private apartments.

The building has a partial river view and the atmosphere of ancient Portuguese architecture and the 'calçada' tress are very charming.

Other renovations have already been concluded in this street which hosts one of the best condominiums in Lisbon.

Local businesses and restaurants are available as well as services and public transportation such as bus and the traditional 'electrico'.

The Metro will arrive to Estrela and Santos by 2020 which will add tremendous value to the area and real estate.

Great price at only €550,000

Attachments

P2#253278355
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