€874,899

Multi Family for sale Portimão
Property photo number 1 of 16 Photos for Property. File  102273277_1328_c83dce076c23d4e0140938408e265c07.jpeg

Overview

SUMMARY: Discover an opportunity with this Portimão multi family for sale and available for €874,899. This could be your next ideal home or a smart investment. More details await.

Investment Property with Immediate Yield Mini-Hostel with Active Lease Until 2029 A solid opportunity for investors seeking guaranteed income and contractual stability. Building under full ownership, comprising 2 floors, fully renovated, currently operating as a mini-hostel with 7 independent units. Each room features a private kitchen and bathroom, allowing for autonomous and efficient operation. The property is currently leased under a fixed-term agreement until February 1st, 2029 (non-renewable), ensuring full predictability for the investor. Monthly rent: 6,500 Immediate income from day one Long-term lease (no renegotiation risk) Ideal for investors focused on stable cash flow Fully adapted for hospitality or similar use Note: The current lease agreement must be honored until its expiration date (01/02/2029).

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Details

  • Beds: 7
  • Baths: 7
  • Price: €874,899
  • Reference No.: 123561032-428
  • Area: 190 m2
  • Year Built: 1950

Location

Marketed by:

  • RE/MAX EXPOGROUP
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