Building with Excellent Rental Yield

€490,000

Odivelas, Ferreira do Alentejo

Building for sale in Odivelas, 191 m²

Odivelas, Ferreira do Alentejo

€490,000

Ref:85507401
10Rooms
10Bed
191
Type: Building

Description

This building located in Odivelas, in the Encosta da Luz area, is an excellent investment opportunity, especially for those seeking consistent rental returns and future appreciation potential. The property is situated in a neighborhood that is in the final stages of documentary urbanization, which suggests significant growth potential in the coming years. Property Description: - Structure and Units: The building comprises four units, three of which are currently rented, generating a monthly income of €2,000. The units have distinct characteristics: - Right Basement: T1 rented for €500 - Left Basement: T1 rented for €600 - Right Ground Floor: T2 rented for €410 - Left Ground Floor: T2 currently vacant, offering potential for rent adjustment or renovation - Attic: T1 Unoccupied - Land Characteristics: The building is situated on a plot of 615 m², which offers space for future construction or expansion, further increasing the investment's rental potential. - Overview and Location: The property offers magnificent views, taking advantage of the privileged location in the Serra da Luz. The surrounding area, undergoing urbanization, promises infrastructure improvements and additional amenities that may contribute to property appreciation in the medium and long term. This building is ideal for investors seeking a property with immediate income and future development potential. The combination of already rented units and space for new construction makes this an attractive opportunity in the Odivelas real estate market.

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