Porto Renovato - Av. Fernao de Magalhaes 210 in Porto

Name: Sales in Porto Renovato - Av. Fernao de Magalhaes 210 started!
Start: 2021-05-17T07:29:43.357287+00:00
End: 2023-12-31T23:59:59+0000
Location: Porto Renovato - Av. Fernao de Magalhaes 210

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Project info

Object ID: 12212

Finished at	May 2021
Price, m²	From 4787$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 52.00 m²
Floors	5
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

248,924$

Net profit

7,229$

Payback period

26.2 years

Avg property value increase per year

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Promos and discounts for Porto Renovato - Av. Fernao de Magalhaes 210

About the project

OTB's latest venture - Outside the Box, which has been developing buildings in the center of Porto for over a decade, under the Porto Renovato brand.

Recently completed, it includes apartments in types T1k, T2 and T3, and a escarpment garden with 1000m2.

Basement parking and storage available. Virtually all apartments have spacious balconies. All have built-in wardrobes or walk-in closets.

As is customary in OTB's developments, commercialization begins after the building is completed, with the apartments ready for bookkeeping.

The selection of construction and finishes has the quality already known in Porto Renovato. Special attention was, as always, given to sound insulation, where the solution used is usually found only in 5-star hotels. Almost perfect insulation is achieved between apartments and from the outside.

Located next to Campo 24 de Agosto, 200m from the metro and other transport. 10 minutes walk from Rua de Santa Catarina, Praça dos Poveiros, etc.