Building for Sale

Located in the popular area of Ammoudara, just 300 meters from the beach and 4 kilometers from the city center of Heraklion, this corner two-level building with a total area of 534 sq.m. sits on a 1,000 sq.m. plot. The property consists of 13 fully renovated and furnished apartments, all currently leased on long-term contracts, offering a steady rental income and a net annual return close to 6,5%. This is an excellent investment opportunity combining stability, strong income, and long-term appreciation potential.6,5The apartments include 3 studios, 6 one-bedroom apartments, 3 apartments with living area, and 1 two-bedroom apartment. Each unit is equipped with independent heating via heat pump, air conditioning, solar water heater, private parking space, and comes fully furnished and equipped with electrical appliances. The building was originally constructed in 2003 and completely renovated in 2019. The renovation included thermal and waterproof insulation (50 cm), external thermal facade, roof insulation, and modern heat pump systems, ensuring excellent energy efficiency and long-term durability. All apartments are currently rented on long-term leases, guaranteeing stable income for the new owner. However, there is significant potential to increase the return through short-term rentals (Airbnb, Booking, etc.), taking advantage of the property’s ideal location and the strong tourist demand in Ammoudara. Ammoudara is one of the most popular seaside areas of Heraklion, known for its beautiful sandy beach, lively atmosphere, and proximity to the city and the airport.
Its excellent location, high-quality construction, and solid rental yield make this property a unique investment opportunity in the real estate market of Crete.
RE/MAX Real . www.remaxreal.gr Heraklion, Crete, Sofokli Venizelou Avenue 107-109, 71303 Email: info@remaxreal.gr Phone: +30 2810370598 Mobile: +30 6982984781 We are at your disposal for any additional information and to schedule a visit to the property. Contact us today to find the property you have always dreamed of!