3 Bedroom Apartment with Immediate Income | 1.200€/month | Monte Belo Norte, Setúbal

For the investor who values security, predictability and immediate return, this 3 bedroom apartment in Monte Belo Norte, Setúbal, is an opportunity ready to monetize from day one.
The property is currently rented, generating a monthly rent of €1,200, with an active contract that eliminates the waiting period for tenants and guarantees continuity of income to the new owner.
The numbers speak for themselves:

Sale price: 325.000€
Monthly rent: €1,200 (€14,400/year)
Gross Return: ~4.43%
Estimated net return: ~3.7% (variable according to tax framework)
Condo fee: ~36€/month
Annual IMI: 313,29€
The contract completes one year in October, making room for updating the income to the current legal coefficient

The property has 105.59 m², is in excellent condition, furnished and equipped — kitchen with appliances, built-in wardrobes and suite — and enjoys a view of the city.
The location in Monte Belo Norte is an asset in itself: a consolidated residential area, with strong demand in the rental market, proximity to shops, services, schools and good road access, factors that ensure the attractiveness of the property in the long term.
An asset already validated by the market, with controlled charges and potential for appreciation. Ideal for those who invest with discretion.