Apartment T3 located in the charming Bessa Leite neighborhood, 3rd and top floor, without elevator and garage. Apartment in good condition, leased to students.
Location: Bessa Leite neighborhood. Features: Apartment T3 on the 3rd and top floor! Well maintained, equipped kitchen, and furnished. Proximity: Av. da Boavista and Campo Alegre. Close to renowned universities, especially the Campo Alegre university campus.
3. Financial Details:
Selling Price: €229,000. Current Rent: €320 per room (each room). Annual Income: €960. Condominium Expenses: €27 monthly. IMI (Municipal Property Tax): €187 annually.
4. Income Opportunities:
Annual lease contracts, subject to review. Potential to rent each room for €450, increasing profitability.
5. Profitability Analysis:
Current Profitability Rate:
Annual Revenue: €320/room * 3 rooms * 12 months = €11,520. Annual Expense: €27 condominium + €187 IMI = €214. Current Profitability Rate: (Annual Revenue - Annual Expense) / Selling Price = (€11,520 - €214) / €229,000 = 4.7%.
Potential Profitability:
Potential Annual Revenue: €450/room * 3 rooms * 12 months = €16,200. Annual Expense (excluding expense increase): €27 condominium + €187 IMI = €214. Potential Profitability Rate: (Potential Annual Revenue - Annual Expense) / Selling Price = (€16,200 - €214) / €229,000 = 6.9%.
6. Conclusion:
Solid investment with an attractive current profitability rate. Potential to increase profitability with adjustments to the rental value. Strategic location near important academic and commercial points of interest.
This presentation provides a comprehensive view of the real estate investment, highlighting not only the current situation but also the potential for increased profitability.
We are available to clarify any doubts and offer a virtual tour for a better understanding of the apartment. Call for a visit!
This apartment is available for real estate sharing with ALL real estate companies at 50% of the contracted commission.