Bilocale Φιλελλήνων 27, Καλαμάτα 24131, Centro, Kalamata

For sale is a 60 sq.m. apartment, located in a particularly central area of Kalamata, on Korai Street, just 10–15 meters from Faron Street. The property is situated 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, a spacious bedroom, a bathroom, and a balcony facing Korai Street. It is bright, with satisfactory height and practical layout. Approximately 100 meters away, there are supermarkets and essential shops, while the property is just a few minutes from the city center. Additionally, a few meters away on Faron Street, there is a city bus stop, providing immediate access to all of Kalamata. The property is already rented out for €450 per month, making it a reliable investment option with stable income and potential appreciation over time. Purchase price: €114,000. Existing monthly rent: €450. Annual gross income: €5,400. Net annual income (after taxes & ENFIA): €4,290. Net monthly income: €357.50. In case of an agreement with the tenant to increase the rent to €500 per month, the property yields a net annual income of €4,800, which is €400 net per month, 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.