- Porto (city) Apartment building 3,300,000 €
- Basic parameters
- Photo
№ 2,390,733
Apartment building with a yield of 7.9% in a prestigious area of Porto, Portugal
3,300,000 €
- Apartments 40
- Yield 7.96%
- Constructed —
- Price per key —
Key project parameters
- Apartments
- 40
- Floors
- 2
Project description
The two-storey complex consists of 22 micro apartments. All apartments are furnished and equipped with a small kitchen. Another 15 apartments are under construction. Apartments on the ground floor have access to an inner courtyard with a garden.
In addition to the garden, the complex has a shared kitchen and an indoor recreation area.
The target audience of the complex is expats, digital nomads, students of nearby universities, medical workers and medical tourists.
Advantages
- 22 finished apartments are already occupied and generating income
- In-demand location with developed infrastructure
- Wide target audience of tenants
- Income growth after the remaining apartments are put into operation
Extra information
- Distance to sea
- 1,200
- 22 finished apartments are already occupied and generating income
- In-demand location with developed infrastructure
- Wide target audience of tenants
- Income growth after the remaining apartments are put into operation
Tenants
- Agreement
- n/a
Financial performance
- Yield
- 7.96%
Current rental income: € 16,000
Expenses: € 2,800
Annual income: € 158,400
Location and nearby infrastructure
- Metro station within walking distance
- 1 kilometer to the beach
- 1.5 kilometers to the city center
There are kindergartens, primary and secondary schools, the University of Fine Arts and Design, economic faculties and a hospital nearby.
Porto is the second largest city (after Lisbon) in Portugal, the center of the district and municipality of the same name. Porto, along with Lisbon, is included in the List of Global Cities (according to GaWC), being considered an important element of the world economic system.
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- annual yield
- From 10%
- exit period
- 3 years
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Organising property viewings
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At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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