€642,900

Multi Family for sale Olhão
Property photo number 1 of 16 Photos for Property. File 102145167_1462_fe65a7e46ebe764f61ab3fad60fb6b9e.jpeg

Overview

SUMMARY: Discover an opportunity with this Olhão multi family for sale and available for €642,900. This could be your next ideal home or a smart investment. More details await.

Fully owned building located in the center of Olhão, in one of the most authentic and growing areas of the Algarve. An excellent investment opportunity for those looking for a project with high profitability potential. Discover the perfect balance between

tradition and modernity in this building located on the prestigious Rua do Comércio, one of the most emblematic and historic arteries of the city. A versatile property that allows you to combine commerce on the ground floor, housing on the upper floors and the creation of a private terrace overlooking the historic center. With a total area of 170.65 m², the property is spread over two floors and has a flexible configuration, ideal for different solutions, from multifamily housing to independent units for monetization. Distribution: Ground floor with 5 compartments First floor with 8 compartments and access to terrace It also includes rooms for independent use, highlighting a fraction on the first floor with 139 m² of gross private area. The property is in need of total rehabilitation, and is currently unlicensed and has poor habitability conditions, thus offering the possibility of developing a fully customized project. Highlights: Central and strategic location Strong potential for appreciation after rehabilitation Versatility for commerce and housing Possibility of creating several units High demand in the area A unique opportunity to develop a differentiating project in one of the most sought-after areas of the Algarve.

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Details

  • Neighborhood: Olhão
  • Beds: 0
  • Baths: 0
  • Price: €642,900
  • Reference No.: AB026 OH
  • Year Built: 1937

Amenities

  • Home: Energy Certificate: C

Location

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  • Pera Premium Properties
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  • +351 962 454 040
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