Building with 4 + 1 apartments and an AL license - Downtown Albufeira - Praia do Peneco

Building constructed in 2009, with a Local Accommodation license (or Airbnb).

Sale of all 4 units under condominium ownership.

View the listings for the units for sale individually.
2-bedroom apartment – ground floor – 360,000 Euros
2-bedroom apartment – 1st floor – 420,000 Euros
2-bedroom apartment – 2nd floor – 440,000 Euros
2-bedroom apartment – 3rd floor – 480,000 Euros

Total lot area: 148 m²
Building footprint: 120 m² x 6 floors—garage + ground floor + 1st floor + 2nd floor + 3rd floor + attic

An excellent option for rental investment, tourism, or as a second home for families.
It’s worth noting that the entire building comes in at less than 2,500 euros per m².

It is a 200-meter walk from the Peneco Beach Tunnel in downtown Albufeira.

6-story building—semi-basement with garage and storage, elevated ground floor, residential units on the 1st through 3rd floors, and a converted attic on the 5th floor for a laundry room and an extra suite, ideal for a doorman or housekeeper.

A very quiet Schindler elevator.
Balconies in all units and on both facades.

High-quality thermal windows with guaranteed sound insulation.
Electric blinds.

There are 4 two-bedroom units, each with air conditioning, a hot water storage tank, and a fully equipped kitchen with utensils and dishes.
The apartments are furnished, equipped with linens, and ready to move into.

Suitable for annual rental as a primary residence, as well as for temporary or tourist rentals. It has a license for Local Accommodation, allowing for flexibility in options.

The building is new and in good overall condition; the garage floor is currently undergoing renovation.

The building has one unit per floor:
Semi-basement – garage – 116 m² for 4 parked cars and other two-wheeled vehicles.
Ground Floor - 1-bedroom unit with a gross area of 138 m² - converted into a 2-bedroom unit, with a 52 m² terrace
1st and 2nd floors - 2-bedroom apartments - each with a gross area of 119 m², each with two balconies totaling 46 m²
3rd floor—two-bedroom apartment with a gross area of 115 m² and two balconies totaling 46 m²—the ONLY one with an ocean view.
Attic—an extra suite and laundry room with a total area of approximately 40 m²

Located on Rua 5 de Outubro, 200 meters from the tunnel and Peneco Beach, as well as various services, restaurants, markets, and nightlife.

Although very close to central Albufeira, it is actually shielded from noise and daily commotion, especially at night.

The extra bedroom is part of the third and final unit
and can accommodate a housekeeper, a doorman, or possibly an additional guest.
The laundry room can be used for short-term rental operations, as storage, or for other purposes.

Property with guaranteed income.
Currently operated as a short-term rental, with a staff member handling reservations, check-in/check-out, cleaning, and maintenance.

Viewings are by appointment only and will be scheduled after confirming that no guests are staying overnight.

For more information, please contact me immediately.
Look for reference number ID 66666 on the agency’s website.