House T4 in Faro with 176 m²

House T4 for sale 

4-Bedroom Townhouse for Renovation with Potential for 2 Two-Bedroom Apartments
| Faro

We present this 4-bedroom townhouse, located on Estrada de São Luís, in one of the most sought-after residential areas of Faro, benefiting from a privileged location due to its proximity to the University, District Hospital, services, shops and main access roads to the city.

Set on a plot of land measuring 208 m², the property has 120 m² of uncovered area, 88 m² of building footprint and 176 m² of gross private area, distributed over the ground floor and first floor.

The ground floor comprises a hallway, two bedrooms, living and dining room, kitchen, pantry, toilet, terrace at the front of the house and a pleasant private backyard of approximately 60 m² at the rear.

On the first floor, we find a similar layout, with two bedrooms, living room, kitchen, pantry, toilet, balcony, and access to a second private backyard of approximately 60 m², providing excellent outdoor areas and multiple possibilities for use.

The house was built in 1960 and currently requires rehabilitation work, representing an excellent opportunity for those wishing to develop a renovation and real estate enhancement project. Due to its characteristics and distribution, this property has great potential for the creation of two independent dwellings, namely two T2
apartments (subject to obtaining the respective municipal authorizations).

It is also noteworthy that the ground floor has been rented to a family for several years, a situation that can represent an immediate source of income for the future owner.

An excellent investment opportunity or for own housing, in a consolidated and highly sought-after location in the city of Faro.

*With great potential for appreciation!!!

For more information or to request a visit, please contact me!

----------------------------- //// -----------------------------