Odivelas, Lisbon

Investment Opportunity in Odivelas - Highly Profitable BuildingThis 2-room flat has a bedroom, living room, kitchen, bathroom, pantry and hallway and is rented to an 87-year-old tenant.The monthly rent is 55, and she has a fixed annual IMI charge of 207.The value of this rent is updated annually according to the approved update coefficient.The building, located at the intersection of Rua Guilherme Gomes Fernandes and Avenida Dom Dinis, is very well situated geographically, not only because of the accessibility that is essential for anyone who has to travel by car, but also because of public transport, with bus stops on the doorstep, as well as all kinds of shops and support services, which make life easier for all those who live in the area and can take advantage of them.The region offers an excellent quality of life for its residents.A safe and profitable investmentThe building was built in 1959 and over the years has been subject to a number of interventions, both in terms of refurbishing the apartments and in terms of maintenance works and the introduction of other added value, which have become necessary due to the changes in the supply of services that the properties now have to offer their residents.1.The building is around 65 years old.2.Its state of repair is in line with others in the area and we consider it to be in good condition.3.A condominium has not yet been set up, as its management has so far been carried out entirely by the current owners of the building.4.Due to the special location, the ability to support services and all the necessities that are normally needed and desired on one's doorstep, combined with an assured income, the purchase of these apartments is an excellent investment, due to the increase in value that has been achieved.