Property consisting in three independent houses located in the heart of the city of Faro, 300 meters from schools, 8 minutes walking distance from Faro hospital, walking distance of 10 minutes to the downtown and the historic center and 12 minutes by car from Faro Island where you can enjoy a golden sand beach, several water sports and the natural beauty of Ria Formosa. Faro airport is a 10 minutes drive away. With a total of 349 m2 of construction area and 236 m2 of terraces and 121 m2 commun use patio with a partial view of the sea and the city from the upper terraces. Located in a prime area of the city, next to one of the main avenues, the project has been designed to be harmoniously integrated into a new centrality of the city of Faro. The main house with 152 m2 completely recovered and maintaining the beautiful original design of 1934, has a large open-space living room and dining room with a fully equipped kitchen, two en-suite bedrooms and a guest bathroom and a 121 m2 roof terrace. For the main house, there is an option to build an extra floor with a 100 m² apartment, which needs to be 3 meters from the facade. It has two other secondary houses, one of them on two floors with a 112 m2 living area and 60 m2 roof terrace consisting of two en-suite bedrooms on the 1st floor, social area and kitchen on the ground floor and a roof-top and the other, one storey house with 56 m2 living area and 56 m2 roof terrace consisting in a living room and dining room, open-space kitchen, a bedroom and a bathroom, from the outside it is possible to access the roof-top of this house. With habitation license and horizontal permit. Excellent investment for rental return with possibility for short term rentals.