Description

️ Property with Potential - Requires Renovation
Looking for an investment opportunity or a housing project with strong appreciation potential? This building, located in the quiet residential area of Três Bicos in Portimão, could be exactly what you’re looking for.

It consists of 3 apartments currently without horizontal property title offering unique and attractive features:

2 two-bedroom (T2) apartments of 74 m², one of which is on the ground floor with a private 27 m² backyard, perfect for creating a leisure area, garden, BBQ zone, or even a small urban vegetable patch.
1 one-bedroom (T1) apartment of 45 m² on the 2nd floor, featuring a large private terrace with excellent sun exposure - ideal for relaxing, setting up a pergola, dining outdoors, or simply enjoying the Algarve’s fantastic climate.
2 independent entrances, providing greater privacy and flexibility - suitable for family use, long or short-term rentals, or for converting into independent units with distinct purposes.

The property requires renovation work, making it a great opportunity for those looking to customize it to their liking, add value, or modernize it for rental income. Imagine a modern multi-family housing project, local accommodation, or even an urban co-living concept in one of the most desirable areas of the Algarve.

Prime Location: peaceful residential neighborhood, friendly community, easy access to schools, supermarkets, public transport, and just minutes from the beaches, riverside area, and historic center of Portimão.

Ideal for:

Investors with a vision for renovation and rental yield

Families wanting to live nearby but independently

Buyers looking to combine living and passive income

Developers interested in converting to horizontal property

Don’t miss this opportunity to create something unique!
Contact us for more information or to schedule a visit. We are here to guide you every step of the way.

Ref: EDI_330