About the listing:
3-storey building for sale on a quiet street in the centre of Athens, close to the church of Agios Pantelimonas, and a very short walk from the Athens University of Economics and Business. The building consists of six fully renovated apartments that can be rented out to students. Built in 1973, all the apartments were renovated in 2022 with new kitchens and bathrooms, aluminium frames and double-glazed windows. The areas of the storeys are as follows: basement 44.8sqm, ground floor 110.07 sqm, first floor 108.63 sqm, roof terrace apartment 48.58 sqm, giving a total area of 312 sqm, while the net internal living area consists of 259 sqm.
There are two separate entries from the ground floor. One entrance leads to two ground floor apartments of 42sqm each, both with one bedroom, one bathroom, small kitchen and living room. The second entrance gives staircase access to the first floor containing two more apartments, the rooftop apartment, and the basement apartment. The basement apartment of 37 sqm is accessed via an outdoor staircase and receives natural light, with a layout that gives the potential for two compact bedrooms, with a small kitchen and bathroom. On the first floor, there are two apartments of 45 square metres each, both with a small balcony facing out onto the street, both with awnings. One apartment on the first floor has a bedroom, living room, bathroom and kitchen, while the other has 2 bedrooms instead. The penthouse apartment on the second floor consists of 48 sqm of interior living space and a 45 square metre balcony partially sheltered with canvas awnings. All the apartments are heated by air conditioners. Based on comparison properties, we estimate that the apartments can generate the following monthly revenue. Based on comparison properties, we estimate that the apartments can generate the following monthly revenue.
Basement 300, Ground floor A 340, Ground floor B 340, First floor A 380, First floor B 380
Second floor 400, Total €2,160 Or €25,680 per year Based on an asking price of 385.000, this gives a gross rental yield of 6.7%.
Air Conditioning Units
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Wood and tile
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