Building for Sale

Complex of 4 independent studio apartments with a total area of 160 sq.m. (approximately 40 sq.m. each), housed in a traditional stone-built property in Mytilene. All units are currently rented, ensuring immediate income for the new owner. The property also features a 20 sq.m. internal courtyard, offering privacy and comfort. It is located in a quiet neighborhood and is suitable both for long-term rentals and for tourist exploitation. Each studio includes: • Bright, open-plan living space • Bathroom and kitchen • Independent entrance • Access to the internal courtyard or a balcony overlooking it • Traditional stone architecture Location – Distances: • 5 minutes by car or 10 minutes on foot from the center of Mytilene • Within walking distance from shops and the city’s main roads Investment Potential: The property’s location and layout make it an ideal choice for: • Long-term rentals (students or employees) • Short-term rentals (Airbnb) • The property currently generates a steady income of approximately €1,200/month (€14,400/year), offering a gross yield of ~6.4% at the asking price of €225,000. This is a complete investment opportunity with guaranteed stable income. Important Note: Directly opposite the property, there is a 73 sq.m. plot with a building capacity of 100 sq.m. The plot can be sold as a package with the complex, providing the option for parking space or further development, at an additional cost of €35,000.