House Faro (Portugal) Price: $ 1,285,100 USD

• Euro (€ EUR)
• American Dollar ($ USD)
• British Pound (£ GBP)

Surface 147 m² Land 620 m²

EXCELLENT INVESTMENT Annual Yield 5% and more
Forecast for 2024 of income 93,800€.
A villa, consisting of three individual floors adapted for student accommodation.
The ground floor consists of two en-suite bedrooms, a kitchen and a living room.
The 1st floor consists of five bedrooms, four bathrooms and a kitchen.
Refurbished in 2018, structuring of the rooms and creation of bathrooms, ceramic flooring throughout the house, painting in neutral tones, plumbing and electricity all new. The aluminum windows in all rooms, the kitchen contains a large aluminum door with double glazing. Optimization of the WiFi service, all bedrooms and living room with TV connection with 135 channels available. All rooms have sunlight.
The 2nd floor consists of five bedrooms, four bathrooms, a kitchen and a balcony.
The outside of the house consists of a garden around the house, BBQ, outdoor dining area, lounge area, bike park and recycling area.
Outside there is a laundry room with two washing machines, two irons and several removable clotheslines.
This business is highly attractive not only for its profitability, but also for its efficient and self-sustaining management. The residence is designed to operate autonomously, requiring a minimum of time and effort on the part of the owner. With a well-organized structure and maintenance services included, tenants can enjoy a comfortable and functional environment, while the investor benefits from a stable and profitable source of income. This combination of low management effort and solid financial return makes this investment an exceptional opportunity in the real estate market for students and young workers.
All changes to the initial project were submitted for approval by the city council. The normal final approval procedure is taking place. According to the current law, this final approval does not prevent the execution of the respective deed of purchase and sale.
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EXCELLENT INVESTMENT Annual yield 5% and more
Forecast for 2024 income of €93,800.
A villa, consisting of three individual floors adapted for student accommodation.
The ground floor consists of two suite bedrooms, a kitchen and a living room.
Renovated in 2020, with structural reinforcement, new plumbing and electricity, aluminum windows with double glazing in all rooms. Optimization of the WiFi service, all bedrooms and living room with TV connection with 135 available channels. All rooms have sunlight, the house faces east.
1st floor consists of five bedrooms, four bathrooms and a kitchen.
2nd floor consists of five bedrooms, four bathrooms, a kitchen and a balcony.
Renovated in 2018, structuring of the divisions and creation of bathrooms, floating floors throughout the house and ceramics in the bathrooms and kitchen, painting in neutral tones, plumbing and electricity, all new. Aluminum windows in all rooms, the kitchen has two aluminum doors with double glazing, one with access to the street and the other with access to the balcony with an east view. Optimization of the WiFi service through signal amplifiers, all bedrooms and living room with TV connection with 135 available channels. All rooms have sunlight.
The exterior of the house consists of a garden around the house, BBQ, outdoor dining area, lounge area, bicycle park and recycling area.
Outside there is a laundry room with two washing machines, two irons and several removable drying racks.
This business is highly attractive not only for its profitability, but also for its efficient and self-sustainable management. The residence is designed to operate autonomously, requiring a minimum of time and effort on the part of the owner. With a well-organized structure and maintenance services included, tenants can enjoy a comfortable and functional environment, while the investor benefits from a stable and profitable source of income. This combination of low management effort and solid financial return makes this investment an exceptional opportunity in the property market for students and young workers.
All changes to the initial project were submitted for city council approval. The normal final approval process takes place. According to current law, this final approval does not prevent the respective purchase and sale deed from being carried out.