Block of flats in Águas Livres of 546 m²

🏢 BUILDING FOR SALE WITH INCOME 🏢

Location: Rua General Fernando Tamagnini, Damaia de Cima, Amadora.
Type of Building: Building in Total Property, with floors or divisions susceptible of Independent Use.

We present an excellent real estate investment, an urban building for habitation, located in the prestigious Rua General Fernando Tamagnini, in Damaia de Cima, Amadora. The building consists of ground floor and 3 floors, built with masonry and brick cladding.

🏢 Building Description:

Number of Floors: 4 (four)
Number of floors or rooms with independent use: 8 (eight)
The building is composed of 8 flats of typology T2. Currently, 4 of the fractions were completely remodeled, including plumbing, electricity, aluminum, dishes and kitchens. The other four units have been partially refurbished over the years by the tenants, maintaining old (updated) rental contracts.

The rented fractions have sealed leases in the finance office, ensuring stability and security. The building has undergone a complete rehabilitation in common areas, facades, exterior painting, gas installation, double glazed window frames and roof repair.

🌳 Location and Income Potential:
The building enjoys a great state of conservation and is strategically located next to the Municipal Market, services and green areas. In addition, it has easy access to the IC19 and CRIL, as well as public transport such as the CP and Carris train station.

With 8 fractions, being 4 recent leases and 4 old leases, the building offers a return of approximately 3.8% per year. There is always the possibility of increasing the rents to market values, as the contracts are annual.

This is a solid and promising investment, with potential for income growth. Take advantage of this unique opportunity to acquire a building with income in Damaia de Cima, Amadora.