Odivelas, Lisbon

Investment Opportunity in Odivelas - Highly Profitable BuildingThis two-room flat, comprising a bedroom, living room, kitchen, bathroom, utility room and hall, is rented to an 83-year-old tenant.The monthly rent is 79 and she has a fixed annual IMI charge of 145.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 - 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 area offers an excellent quality of life for its residents.A safe and profitable investmentThe building was constructed in 1959 and over the years has been subject to a number of interventions, both in terms of remodelling the flats 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.i.The building is around 65 years oldii.The interior is in a reasonable state of repair, requiring some exterior maintenance workiii.Each flat has been inspected and an Energy Certificate drawn upiv.A condominium has not yet been set up, as its management has been entirely the property owners' responsibility.v. Due to the special location, the ability to support services and all the necessities that are normally needed and desired on the doorstep, combined with an assured income, the purchase of these flats is an excellent investment, due to the increase in value and the incessant demand for housing in the area.