Residential building with 4 floors (9 independent units) fully rehabilitated in the center of Elvas for sale. Investment Opportunity!

Discover a unique investment opportunity in the heart of Elvas with guaranteed profitability, close to one of the biggest development hubs in Extremadura: Badajoz. With an area of approximately 215m2 and 4 floors, this rehabilitated building located at Rua João de Olivença no. 19, stands out from the other buildings, as it is composed of 9 independent accommodation units completely renovated and equipped with bathrooms and kitchens (€70,000 investment in this operational cost), with a full mid-term occupancy rate with a profitability of €38,400/year (Yield that starts at 8.6% of Yield).Total current monthly rent for accommodation units: €3150 guaranteed profitability, with a possible increase in profitability through updating rents.This building may be suitable for Short Term, with the process of opening an activity being simple and quick through the Entrepreneur's State Platform.https://prime-property-elvas-tf5yhqv.gamma.siteThis building, offers more than enough space to accommodate several families or, if you prefer, the possibility of transforming. Surrounded by the historical and cultural beauty of Santo Onofre, this building is a perfect fusion between tradition and modern potential. Located in one of the most sought after areas of Alentejo, it offers proximity to the main points of interest, services and infrastructure.Note: Located in an Urban Rehabilitation Area, this building also has tax and procedural incentives in terms of Urban rehabilitation.Take advantage of this excellent investment opportunity in one of the most picturesque cities in Portugal and book your visit now.The property’s Technical Data Sheet is available: