House in Full Ownership with Independent Units, Cova da Piedade

About this Listing

This property was selected and recommended by Porameta for its valuable investors. An exceptional residential investment opportunity in the heart of Cova da Piedade, Almada, offering full ownership of a multi-unit property with significant renovation and income-generation potential. Set on a 279 m² plot, this property features 230 m² of gross private area distributed across two floors with independent use. Each floor comprises two bedrooms, a living room, a kitchen, a bathroom, and a pantry, creating the possibility of two independent residential units. The property also includes an attic with conversion potential, as well as a garage and annex with a combined area of 88 m². These additional spaces offer opportunities for future development into studios, offices, storage, or complementary accommodation, subject to the necessary approvals. Outside, the property benefits from a generous 159 m² patio, which can be enhanced into a private leisure area, shared outdoor space, extension area, or additional parking. Although requiring complete renovation, the property offers considerable potential for value appreciation and income generation following rehabilitation. Investors can explore traditional long-term rentals, separate residential units, or Local Accommodation, subject to licensing and applicable regulations. Its central location in Cova da Piedade provides convenient access to public transportation, local markets, shops, cafés, and essential services, making it attractive to both residents and tenants. An excellent opportunity for property investors and developers seeking a renovation project with multiple residential configurations and long-term income potential in the growing Almada market. This property was listed by Vasco Nobre as the original product provider. For interested parties, please contact Vasco Nobre directly with the details below: Phone: +351 933 257 681 Email: vasconobre@kwportugal.pt