Apartment to be refurbished, second floor, Panagitsa, Palaio Faliro

For sale: Whole-floor apartment of 156 sq.m., built in 1974, located on the 2nd floor of a residential building in Palaio Faliro. The property is dual-aspect and particularly bright, featuring spacious balconies, an elevator, and an internal storage space. The layout includes four bedrooms, two bathrooms, a generous living area, and a separate kitchen. It consists of two horizontal properties that have been unified into one, measuring 103 sq.m. and 53 sq.m., offering significant flexibility for future use. With renovation and a separation cost of approximately €600 per square meter, the property can be divided again into two fully renovated and independent apartments. In this scenario, the 53 sq.m. apartment could generate a rental income of approximately €900 per month, while the 103 sq.m. apartment could be rented for around €1,500 per month, creating strong investment potential and stable monthly income. Αn ideal choice both for owner-occupation and for investment in one of the most sought-after areas of the southern suburbs of Athens. With the purchase of the property, we fully undertake the notarization and transfer process, ensuring that the transaction is completed safely and reliably. ☎️ 210 6812500