Apartment excellent condition, ground floor, Floisvos, Palaio Faliro

Palaio Faliro – Flisvos | Ground Floor Apartment 85.31 sq.m. | Two Independent Units | Sea View | Prime Investment Opportunity In one of the most sought-after seaside areas of Athens, in Palaio Faliro – Flisvos, a fully renovated ground floor property of 85.31 sq.m. is offered for sale, just 80 meters from Batis Beach and within walking distance of the “Mouson” tram stop. This is a rare investment property with proven high performance, ideal for short-term rentals and serviced apartments. The property was originally built in 1958 and underwent a complete renovation in 2023, during which it was reconfigured into two fully independent apartments that share a common area of 4.31 sq.m. The first apartment has a surface of 32 sq.m. and consists of a bathroom and an open-plan space including entrance hall, kitchen and sleeping area. Its balconies overlook the building’s inner courtyard and offer partial sea views. The second apartment measures 49 sq.m. and includes a bathroom, one bedroom and an open-plan living, dining and kitchen area, also featuring two balconies. Both apartments are fully equipped, furnished and tastefully decorated. Each unit has autonomous heating with an individual natural gas boiler, three air conditioning units in total for heating and cooling, two in the 49 sqm. apt and one in the 32 sqm, aluminum window frames with double glazing, security doors, insect screens, electrical appliances and small household appliances. The property also benefits from internet connection and fiber optics. It is front-facing, dual-aspect, bright, airy and sunlit, with a southeast orientation and views of the sea and the urban landscape, located in a quiet residential neighborhood with immediate access to public transportation and local amenities. The property holds a valid short-term rental registration number and has been professionally managed by a property management company since April 2023, achieving excellent financial performance. The total gross annual revenue is approximately €50,000. For 2025, the 32 sq.m. apartment generated €22,500 in gross income with an average daily rate of €85 and 73% occupancy, while the 49 sq.m. apartment generated €28,000 with an average daily rate of €92 and 84% occupancy. The asking price is €430,000. This is a turnkey, high-yield investment opportunity in a prime coastal location, suitable for investors seeking immediate income and long-term value appreciation in one of Athens’ most desirable neighborhoods.