Description
We present an excellent investment opportunity for rehabilitation and modernization.
This building, located on a prestigious avenue in the heart of Penha de Franca, is currently made up of 6 vacant units, all of which are two-bedroom apartments, each with an area of 78 m². All the apartments have access to private gardens of around 30 m2 each, via the service staircase.
The upper floor has the added benefit of an attic 3.40 meters high, allowing the creation of a duplex, optimizing space, and adding value.
The building is under horizontal ownership, with a total area of 480 m² and an additional plot of 167 m², already divided into six proportional parts. The building will soon be undergoing refurbishment of the common areas, including renovation of the electrical installations, water and sewage networks, facades, staircases, and intercoms.
However, the apartments will be handed over in their current state, allowing the new owners to customize the interior renovations to their liking.
One of the great advantages of this property is its potential for expansion. With the rehabilitation project and the expansion of three more floors, there is the possibility of creating 5 new apartments (for a total of 11 apartments, 10 of which are 2-bedroom and 1 of which is a 3-bedroom/4-bedroom, served by an elevator), significantly increasing the housing capacity and, consequently, the return on investment.
The expansion project will be part of the transaction, ensuring a smooth transition for the new owner and turning this acquisition into a great opportunity, attractive for investors looking to invest in the rental market and resale projects after modernization.
Energy Rating: Exempt
