House in Setubal, Portugal, 112 sq.m

A house in the historical part of the city of Setubal. Near the ocean. Sea view.
Repairs are required. After renovation — three apartments. Each of which can be rented out for € 1200 per month or sold, or used for your own living.
The sale price is €240,000.00 of the whole house. Or "apartment-by-apartment" at a price of €80000.00 per apartment. In this case, the buyer does not pay the tax on the transfer of ownership!
The cost of repairing the whole house is € 80,000.00. There is an estimate.
The area of the house is 112.00 m2. At the exit there are three renovated apartments. The areas are 44.00 m2, 32, m2 and 36.00 m2. Each apartment, if desired, can be sold for € 120,000-130000,00
The house can be used:
1. As a mini-hotel. Get a residence permit as a businessman.
2. To live: get a residence address in Portugal, preferential tax status, get a residence permit. To rent for 6 months. There is a management company.
3. Resell. We will help with the transaction.
About the city of Setubal:
The date of foundation is 1249. Population – 90,000 people
From Lisbon – 40 minutes by car. 55 minutes by commuter train or bus. The train goes from the center of Lisbon.
Currently, the city has a developed infrastructure, an industrial, scientific and resort center. Actively developing as a resort: surrounded by nature reserves, near wineries, golf courses. There are beaches, a tourist promenade, restaurants, bars, shopping centers. In the last 2 years, it has been actively developing, including due to expats and a good location.
The increase in the cost of one square meter of residential real estate
purchase / rent
For February-March 2023 + 1.5% + 4.9 %
For the first quarter of 2023 + 9.5 % + 6.7%
Over the last year + 27.9 % + 20.3%