700.000 €
An opportunity to acquire a fully renovated residential building with immediate income, located in Sarilhos Grandes, Montijo, one of the fastest-growing areas within the Lisbon Metropolitan Area. Positioned on Avenida 5 de Outubro, this investment combines stable cash flow from existing tenants with strong long-term appreciation potential, benefiting from Montijo’s increasing popularity as an alternative residential market to Lisbon. The property is currently fully let, generating a total monthly rental income of €3,875, equivalent to an annual gross income of €46,500. At the asking price of €700,000, this represents an approximate gross yield of 6.64%, making it an attractive opportunity for investors seeking immediate returns without the uncertainty associated with vacancy periods. Although the official tax records indicate a gross construction area of 100 sqm plus 10 sqm of dependent area, the building has undergone extensive reconstruction and reconfiguration over the years, resulting in a significantly more efficient use of space and a substantially larger effective living area than originally reflected in the property documentation. The current layout maximises both functionality and rental performance. Held under single ownership, the building is configured into four independent residential units: Ground Floor T2 apartment - currently rented for €1,150/month T1 apartment - currently rented for €900/month First Floor T2 apartment - currently rented for €1,000/month T1 apartment - currently rented for €825/month The building has benefited from a complete renovation programme, including: Full replacement of the roof structure with new wooden beams, insulation and roof tiles; Installation of Velux roof windows; New structural reinforcements and internal reconstruction; Upgraded plumbing, sewage and electrical systems; Double-glazed PVC window frames; Fully equipped kitchens; Modern bathrooms; Laminated and vinyl flooring; LED lighting throughout; Security entrance doors; Rehabilitation of the façade and exterior areas. The apartments were designed to maximise comfort and practicality, appealing to young professionals, couples and small families seeking quality accommodation within commuting distance of Lisbon. The investment story extends beyond the current rental income. Montijo is expected to benefit from major infrastructure developments over the coming years, including the future Luís de Camões International Airport in Alcochete, the planned third Tagus crossing and continued investment across the South Bank of Lisbon. These projects are expected to further strengthen demand and support long-term capital appreciation. Investment Highlights Asking Price: €700,000 Fully rented residential building Monthly rental income: €3,875 Annual gross rental income: €46,500 Approximate gross yield: 6.64% Four independent residential units Two T2 apartments and two T1 apartments Fully renovated and ready to operate Immediate cash flow from day one Larger effective usable area than reflected in the official records Strong rental demand in the area Excellent long-term appreciation potential Whether retained as a long-term income-producing asset, repositioned through a future horizontal ownership strategy, or incorporated into a broader investment portfolio, this property offers a rare combination of immediate yield, operational stability and future upside potential. A turnkey investment opportunity in one of the Lisbon Metropolitan Area’s most promising residential markets. #ref:EDI_predio_montijo