Building for sale in Funchal

Building in Funchal with 2 parking spaces

Santa Luzia

900 000 €

Buy
id. 125771002-190

318 m²

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C

Description

Building in full ownership, comprising 4 two-bedroom apartments (T2), located on Caminho do Comboio, in an area with good accessibility and strong potential for appreciation.


The property is sold in its entirety; the sale of individual units is not possible. This is an excellent investment opportunity for rehabilitation, presenting high potential for appreciation after renovation works, offering enormous potential for income generation through long-term rentals or subsequent appreciation for sale.


The building requires renovation and modernization works, allowing the future owner to adapt the spaces to their needs or develop a residential rental income project. Currently, only 1 apartment is available for immediate renovation, with a second becoming available from October 26th, and the remaining 2 remaining for rent.


The building's configuration, combined with the growing demand for housing, makes this asset a safe bet for those seeking an investment with attractive return prospects.


Don't miss this opportunity to acquire a building with great potential for transformation and appreciation.


Schedule your visit now and discover the full potential of this investment!

Details

Private Gross Area m²318
Gross Area m²440
Total Lot Size m²440
Living Area m²240
Bedrooms- -
Construction Year1969
Floor- -
WC/Bathrooms- -
ElevatorNo
Parking2 Places
Electric Cars ChargingNo

Energetic details

Energy efficiency

Map

Credit Simulation
Listing Price
900 000 €
Monthly Payment (*)
0

(*) The monthly installment indicated corresponds to a reference value, based on a variable rate (6-month Euribor), not dispensing with a more complete and detailed financial analysis! The information resulting from these simulations is merely indicative, with the purpose of providing guidance on the estimated cost, according to the data indicated by the user. Each financial entity has its own policies and financing conditions, and are not bound by the results of this simulation.