Ribeira Grande (Açores), Ilha De São Miguel (Açores) 9600-568, Portugal

MLS#: C0276-02091

$564,951 USD

€540,000 EUR

Type
Apartment
Bedrooms
3
Bathrooms
3
Home/Lot size
324m²
The details

Property features

Date Updated: Nov 25, 2024

Area

Property size
324m²
Land/Lot size
306m²
Bedrooms
3
Bathrooms
3
Total rooms
6

Description

Building with 3 independent units, which are a store space, a 1 Bedroom apartment, and a 2 bedrooms apartment. It is located in the heart of the city of Ribeira Grande, and just 3 minutes walking from Monte Verde beach, a reference beach for anyone looking to Surf on the island of São Miguel.Given its location, this is a great business opportunity with a high income potential. The store is currently leased, and it can be kept that way or, in light of the new laws to facilitate more residential units on the market, can be transformed into a residential unit. The 1 Bedroom apartment, on the middle floor, is currently under renovation, and it's sold fully finished with good quality finishes, similar to the ones used on the 2 bedrooms apartment on top. The 2 bedrooms apartment is already finished, is currently rented out with a very interesting monthly rental, and it has ocean views too. The building has, as well, on its back, 200 sqm / 2100 sqft of backyard space that can be used by only one of the units or shared between them all. Get in touch to know more about this great business opportunity!

Location

Ribeira Grande (Açores), Ilha De São Miguel (Açores) 9600-568, Portugal
map image
Courtesy of CENTURY 21 Azor