Monday, June 26, 2006
Property:Four seafront units
Here’s a great deal! Four apartments on the seafront, with at least 25%return on the spot, guaranteed. How?
First, let me just mention the average price for a two bedroom apartment, on the sea front, in Quarteira: From 400.000€ if brand new and never less than 250.000€ for an old apartment (no lift, no parking), in need of some repairs.
Located on a third floor(top of the building), these are two bedroom apartments with one kitchen, one bathroom, one living room and one extra small room (can be an office, a child’s room, etc.) and two balconies, one facing the ocean, and the other in the back of the building with laundry area.
These apartments are in need of severe repairing.
Asking price for these apartments: 165.000€ as they are, or 199.000€ total repaired, featuring:
Total repairing of walls and ceiling with plaster and repainting.
Completely new doors, frames and wardrobes in solid wood.
New windows with electric shutters.
New floor
New Bathroom
New kitchen with furniture and totally equipped
Pre-installation of air conditioning.
New piping featuring PEX technology
New electricity wiring
New gas piping
Etc
If in a rush to sell, one can very reasonably get 50.000€ in return, per apartment.
If adding the potential for renting and the appreciation over the years, the return on this investment is very attractive.
¶ 1:16 PM
Here’s a great deal! Four apartments on the seafront, with at least 25%return on the spot, guaranteed. How?
First, let me just mention the average price for a two bedroom apartment, on the sea front, in Quarteira: From 400.000€ if brand new and never less than 250.000€ for an old apartment (no lift, no parking), in need of some repairs.
Located on a third floor(top of the building), these are two bedroom apartments with one kitchen, one bathroom, one living room and one extra small room (can be an office, a child’s room, etc.) and two balconies, one facing the ocean, and the other in the back of the building with laundry area.
These apartments are in need of severe repairing.
Asking price for these apartments: 165.000€ as they are, or 199.000€ total repaired, featuring:
Total repairing of walls and ceiling with plaster and repainting.
Completely new doors, frames and wardrobes in solid wood.
New windows with electric shutters.
New floor
New Bathroom
New kitchen with furniture and totally equipped
Pre-installation of air conditioning.
New piping featuring PEX technology
New electricity wiring
New gas piping
Etc
If in a rush to sell, one can very reasonably get 50.000€ in return, per apartment.
If adding the potential for renting and the appreciation over the years, the return on this investment is very attractive.
¶ 1:16 PM
