3-room flat Φαρών 127, Καλαμάτα 24132, Center, Kalamata

An 81 sq.m. apartment is for sale in a particularly central location in Kalamata, on Korai Street, just 10–15 meters from Faros Street. The property is located on the elevated 1st floor of a five-story building, constructed in 1983, with an elevator and very good construction quality. The apartment consists of a spacious living room, a comfortable and functional kitchen, two spacious bedrooms, a bathroom, and a balcony facing Korai Street. It is bright, with satisfactory height and practical layout. Supermarkets and essential shops are located about 100 meters away, while the property is just a few minutes from the city center. Additionally, there is a city bus stop 10–15 meters away on Faros Street, providing immediate access to all of Kalamata. The property is already rented out for €500 per month, making it a reliable investment option with steady income and potential appreciation over time. Purchase price: €153,000. Existing monthly rent: €500. Annual gross income: €6,000. Net annual income (after taxes & ENFIA): €4,770. Net monthly income: €397.50. In case of an agreement with the tenant to increase the rent to €550 per month, the property yields a net annual income of €4,950 and a net monthly income of €412.50, with a net annual return of 4.21%. The above returns are derived solely from the rents and do not include the future appreciation of the property, which further enhances the overall investment benefit. This is an investment with clear numbers, low risk, and real net income, ideal for investors seeking stability, transparency, and long-term value, while also suitable for future owner-occupation.