Assunção, Portalegre 7350

Discover a unique investment opportunity in the heart of Elvas with guaranteed assets, close to one of the biggest development hubs in Extremadura: Badajoz.With an area of approximately 215m2 and 4 floors, this rehabilitated building located at Rua Joo de Olivena n.19, stands out from other buildings, as it is made up of 9 independent accommodation units completely renovated and equipped with bathrooms and kitchens. (70, 000 investment in this operational cost), with a full mid-term occupancy rate with a profitability of 38, 400/year.This building, offers more than enough space to accommodate several families or, if you prefer, the possibility of transforming it into a profitable short-term rental in local accommodation, in accordance with the new Law N. 35/2024 of 07/08, observing the Municipal Regulation of Elvas.Surrounded by the historical and cultural beauty of Santo Onofre, this building is a perfect fusion between tradition and modern potential. Located in one of the most sought after areas of Alentejo, it offers proximity to the main points of interest, services and infrastructure.Note: Located in an Urban Rehabilitation Area, this building also has tax and procedural incentives in terms of Urban rehabilitation.Take advantage of this excellent investment opportunity in one of the most picturesque cities in Portugal and book your visit now.The propertys Technical Data Sheet is available: