€1,600,000

Fully refurbished rental investment property for sale in Albufeira – 5 separate units, across 2 separate addresses next door to each other.An exceptional investment opportunity awaits in the sought-after coastal town of Albufeira, nestled in the heart of Portugal's Algarve region. This fully refurbished rental property offers not only a prime location but also the potential for strong rental income and long-term appreciation.Situated just moments from Albufeira’s golden beaches and surrounded by popular restaurants, shops, and lively attractions, this property is a gem for both tourists and investors alike.This investment consists of two neighboring properties combined into one outstanding offering. Together, they encompass five fully independent and self-contained rental units, all spanning across three beautifully designed floors. Each unit has been meticulously refurbished with an emphasis on modern style, comfort, and functionality. From contemporary flooring to upgraded lighting fixtures, every detail of the renovation has been carefully planned to cater to the modern traveler.Fully Furnished and Equipped – Ready for RentalEach unit comes fully furnished and tastefully decorated, ensuring a seamless, turnkey operation for the next owner. The furniture has been carefully selected to reflect a sophisticated yet cosy aesthetic, making the units appealing to short-term guests. Comfortable sofas, stylish dining sets, and plush beds ensure that guests can enjoy a welcoming home-away-from-home experience. TVs, ample storage, and modern decor further elevate each space, creating a blend of elegance and comfort that will leave guests delighted.In addition to the furnishings, all kitchen goods are also included in the sale, allowing for immediate rental potential. The kitchens in each unit are fully equipped with high-quality appliances, utensils, cookware, and dinnerware, providing guests with everything they need to prepare meals. From sleek refrigerators to state-of-the-art stove-tops, every kitchen is ready for use, making it easy for guests to cook, relax, and enjoy their stay.Spectacular Views of AlbufeiraThe location of this property is nothing short of spectacular. Perched in a prime area, the property boasts stunning views of Albufeira’s iconic landscapes, with many of the units offering picturesque vistas of the charming old town, the Atlantic Ocean, and the sprawling beaches below. These views are a significant selling point and enhance the allure of each rental unit, ensuring happy and returning guests.Unbeatable Location – Close to the Beach and AttractionsLocation is everything when it comes to rental properties, and this one does not disappoint. Guests can walk to some of Albufeira’s most beautiful beaches, including Praia dos Pescadores and Praia da Oura, within minutes. The vibrant town center, known for its lively nightlife, variety of restaurants, and bustling marina, is also just a short stroll away. The proximity to the beach, combined with easy access to all the local attractions, ensures that guests will have everything they need for an unforgettable vacation right at their fingertips.Lucrative Rental IncomeThis property is not only a beautiful place for guests to stay but also a highly lucrative investment. Last year's rental earnings exceeded €140,000, and the owner anticipates that this year’s income will surpass €160,000. All five units are currently licensed under AL (Alojamento Local) regulations.Whether you're an experienced investor or new to the rental market, this property represents a rare opportunity to acquire a turnkey investment in one of the Algarve's most popular tourist destinations. With strong occupancy rates, excellent income potential, and fully furnished units ready for immediate rental, this is a remarkable opportunity that offers both short-term rewards and long-term value appreciation. Don’t miss out on the chance to invest in a thriving business with everything you need for success already in place.