Investment Opportunity - Property with Monthly Income, in Ajuda

Property consisting of 2 small, renovated, 2-story houses, sold together, connected to each other, located next to the Ajuda University Campus, with an estimated current gross return of 8%, with the potential to reach 9% at maximum occupancy. This building has a total of 9 bedrooms equipped with bed, wardrobe and table, 3 shared bathrooms with shower, sink and toilet, water heater, a fully equipped communal kitchen with ceramic hob, microwave, stove, oven, extractor fan, refrigerator, dishwasher and washing machine (several) in the service area. It also offers an outdoor space, partly covered with a pergola, where it is possible to enjoy some sun or the tranquility of the night, alone or with company, after a day’s work. It is located in a quiet residential area of the Ajuda parish, where the traditional layout of small Lisbon streets and courtyards is maintained, consisting mostly of local dwellings. In its vicinity, you can find important historical landmarks in western Lisbon, such as the Ajuda National Palace and the Ajuda Botanical Garden, with public transport connections (Carris buses and trams) on the main streets around. The neighborhood maintains a traditional village atmosphere within the city, standing out for its low crime rates in Lisbon. The Ajuda Market and the traditional shops on Calçada da Ajuda energize the local daily life, with initiatives promoted through the A Minha Ajuda portal, offering administrative services and community support. Due to its proximity to the University Campus, ISAgronomia and Lusíada University, the market is heavily focused on investment and student rentals. (ref SF-SAFTI:008928)