Building for Sale

Investment building — 11 furnished studios — Net yield ~6.5% For sale: an entire independent investment building with a total gross area of 417 sq.m. on a 140 sq.m. plot. The property was built before 1955 and was fully renovated in 2004 (plumbing, electrical, flooring). The total area of main spaces amounts to 326.26 sq.m. The building has been configured into 11 fully furnished studios, suitable for long-term rental use. Configuration • Basement: 1 apartment and storage space • Raised ground floor (mezzanine): 2 apartments • 1st floor: 3 apartments • 2nd floor: 3 apartments • 3rd floor / roof level: 2 apartments with private terraces of approximately 20 sq.m. with pergolas Most apartments have front or rear balconies, while the roof-level apartments enjoy private outdoor spaces. Location The property is in a prime location near the Evelpidon Courts, an area with steady and high demand for small rental units from professionals, employees and students. Investment data • Total monthly income: €4,020 • Net monthly income: approximately €3,500 • Annual net income: €42,000 • Net investment yield: ~6.5% Investment prospects There is potential to upgrade the apartments to premium residences, which could significantly increase future rents and the overall return on investment. In addition, most leases are approaching their end, giving the new owner flexibility to manage and reposition the apartments on the market according to their investment strategy. This is a ready income-producing property, fully configured as small residences, offering a stable rental income stream and significant capital appreciation prospects.