€400,000

Located in the heart of Alvalade, one of Lisbon's most prestigious and sought-after neighborhoods, this 2-bedroom apartment with a gross area of 93.5 m² is an excellent opportunity for long-term investors. The property is currently leased under a lifetime rental agreement to an 80-year-old tenant, generating an annual return of under 2%. This ensures stable occupancy while offering significant appreciation potential in the future, given the property's prime location and strong renovation prospects. Set in a peaceful residential area with quick access to everything Lisbon has to offer public transport, schools, local shops, supermarkets, pharmacies, green spaces the apartment is surrounded by over 75 points of interest. With some future investment in refurbishment, this apartment can become a valuable asset in any real estate portfolio. Key Features: Type: 2-Bedroom Apartment Gross Area: 93.5 m² Condition: In need of renovation Lifetime lease in place (tenant is 80 years old) Energy Certificate: Class E For more information or to schedule a visit, please contact