Exciting Investment Opportunity in Madragoa
- Type: Other
- Style: Apartment
- Bedrooms: n/a "Multiple"
- Bathrooms: n/a "Apartments"
- Size: 300 sq. m.
Exciting investment opportunity in Madragoa
Santos-o-Velho, 1200, Lisbon
Building to Renovate with 6 apartments
Construction Size 300 m²
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
The information we receive is provided to us by our client's in good faith. All details are therefore deemed to be correct but are not guaranteed.