Apartment Παναγιωταρά, 28 114 75 Αθήνα, Gkyzi - Arios Pagos, Gizi - Pedion Areos

For sale: A 48 sq.m. apartment on the 4th floor of a 1970 building in Gyzi, located at Ragkavi and Panagiotara 28 streets. The property includes a balcony and consists of two main rooms (which can be configured as 1 bedroom and 1 living room, or 2 bedrooms), a kitchen, and a bathroom. It features fully functional central heating, completely updated plumbing, and a renovated bathroom. The apartment is situated in a completely safe and quiet residential neighborhood, right next to all types of shops and services. It is just a 2-minute walk from Gyzi Square, 8 minutes from the Alexandras Ave. Courts, 12 minutes from the "Ambelokipi" Metro station, and 18 minutes from downtown Athens. With low-cost upgrades, it can be transformed into a premium space, ideal for a private residence (especially student housing) or as an investment property. A significant advantage is that the area is exempt from the "ban zones" for new Airbnb licenses, securing its high-yield potential. The estimated long-term rental yield (post-renovation) is €600 - €700 per month, the estimated yield (without renovation) is €450 - €500 per month, and the estimated short-term rental yield (post-renovation) is €1,000 - €1,400 per month (gross). Asking price: €125,000.