$1,008,454

8.9% Annual Roi

  • 7 Beds
  • 2,056 Sqft
  • 1,411 Sqft lot
  • Updated: July 28
  • 5
    Views for last 30 days

About the Property

Exceptional Investment Opportunity in the Heart of Portimão

A rare chance to acquire an entire building in the historic downtown of Portimão, offering an impressive 8.9% annual return and outstanding income potential.

Designed for immediate operation as a boutique hostel or individual room rental business, this turnkey property combines a prime location with a high-yield investme
Exceptional Investment Opportunity in the Heart of Portimão

A rare chance to acquire an entire building in the historic downtown of Portimão, offering an impressive 8.9% annual return and outstanding income potential.

Designed for immediate operation as a boutique hostel or individual room rental business, this turnkey property combines a prime location with a high-yield investment strategy.

Property Highlights:
•⁠ ⁠Entire building in Portimão’s city centre
•⁠ ⁠7 en-suite bedrooms, each bedroom with ac and two beds
•⁠ ⁠Fully equipped kitchen
•⁠ ⁠Spacious communal living area
•⁠ ⁠Ready for immediate operation
•⁠ ⁠Estimated 8.9% annual ROI

Located within walking distance of restaurants, cafés, shops, the marina, and all essential amenities, this property is perfectly positioned to benefit from the strong and growing demand for accommodation in the Algarve.

Whether you are looking to expand your real estate portfolio or secure a high-performing income-producing asset, this is an investment opportunity not to be missed.
  • Property type

    House

  • Year built

    1928

  • Price/sqft

    $490

Features

  • Investment Property
  • Gas Stovetop
  • High Ceiling
  • Air Conditioning

Explore the Area

Rua Machado Santos 49, Portimao, Algarve, Portugal View on Google Maps
Price per sqft
Low
High

View 1,064 more listings in Portimao

CENTURY 21 Innovation

Joined 2 years ago
Your message
You have inquired about this property

The agent will contact you soon by

Listed by

CENTURY 21 Innovation
Portugal
View agency profile
6
Listings
2024
Joined

Book home tour with the agent

Choose a date and whether you'd like a virtual or in-person tour with the agent.

In-person tour
Preferred date
Tour type
CENTURY 21 Innovation
Portugal
View agency profile
Last updated
July 28
First listed
Jul 28
Listing reference
C0517-00083
Call

Start phone call with:

Hello, I’m calling for the property with the reference C0517-00083, which I discovered on JamesEdition.

After the call, we'll provide your contacts to the agent for easy communication.