7 Bedroom House | Downtown Faro | Potential For A Hostel | Terraces

A townhouse located in the heart of Faro, with enormous potential for short-term rentals. (In need of renovation)

This property has a total area of 289 m² distributed as follows:
- 7 bedrooms;
- Kitchen with pantry and access to the backyard;
- 2 bathrooms;
- Living room with storage;
- 3 terrace areas, one of which offers a sea view via a staircase leading to it;

It is worth noting that this property has high ceilings, which allows for the possibility of creating a “mezzanine” to further enhance certain areas. (Example shown in one of the photos, through the creation of “studios” in each bedroom.

It is also important to mention that this property has access from two streets.

This property has enormous potential for short-term rentals, as it is located on Rua do Compromisso in Faro, surrounded by numerous properties already in operation, with very high occupancy rates due to its prime location.

Important Information:

This property is located in a building under Horizontal Property ownership: Unit E (1st Floor, no elevator)
(Possibility of adding two more units (currently leased) to this deal, with a sale price to be determined if interested)

Virtual Staging: Please note that some of the images shown were created using AI to demonstrate the property’s potential after renovation.
Property Tax (IMI): €286.83
Condominium Fees: No
Basic Sanitation: Yes
GPS Coordinates: [hidden information]