Multi-Unit Property

Project Objective
Aquisition of a multi-unit property consisting of two one-bedroom apartments in Estremoz.
The purchase price was 55.000 EUR, fully financed with equity. Taxes, notary and closing costs amounted to approximately 2.200 EUR.
The property was later sold for 175.000 EUR to another investor who acquired it turnkey.
The final buyer had several potential strategies:
Short-Term Rental (Tourist Accommodation): Estimated gross annual yield of approximately 14%, subject to regulatory developments.
Long-Term Rental: Estimated gross annual yield of approximately 10%, with a more passive management approach.
Project Details
55.000 EUR
57.000 EUR
10 months
Through renovation
Asset repositioning and optimized sale to maximize returns
Process
The property was in very poor condition and required extensive renovation.
A total of 57.000 EUR was invested in refurbishment works, including the addition of thermal insulation and the reconfiguration of one of the apartments to create a two-bedroom unit.
The total investment was approximately 114.000 EUR.
Before
After