House buy in Massarelos Porto

Located on Porto's most iconic and famous avenue, this property offers the best potential for a developer who is looking to renovate and generate a healthy return. There are, in fact, two buildings included with this purchase, both in great condition. High ceilings, large windows and the facade give this property a majestic feel. The signature design of Iberian modernism architecture from the early 20th century accentuates the beauty of this property. The residential units no longer have tenants and are ready for remodelling. The commercial space on the ground floor has an existing rental agreement until the end of 2022 with a high yield. The capital from the rental is included in the purchase, granting liquidity for renovations upon purchase. Beyond acquired equity, refurbishment of this property will add great value to the buildings. As an investment, there is incredible potential to turn this already very valuable property into a great return on investment. Ref: PPSS5190 Property Features * Townhouse * Character property * Near bars/restaurants * Near schools * Near shops