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Pay in USD and save up to $36,667For Sale – Residential Apartment Building with Strong Rental Yield
An excellent investment opportunity to acquire a residential building comprising four spacious apartments, situated on a 511 sqm plot.
The property offers immediate rental income, further value-add potential, and approximately 150 sqm of unused building density.
The building consists of four units:
• 2 apartments on the upper floor (Flat 1 & Flat 2)
• 2 apartments on the ground floor (Flat 3 & Flat 4)
All apartments are originally 3-bedroom units (Flat 3 currently configured as 2-bedroom).
Property Highlights:
• Plot size: 511 sqm
• Approx. 150 sqm unused building density (future expansion potential)
• Final approval for separate title deeds (one for each apartment – issuance pending)
• Approved horizontal division
• Ground floor units benefit from private garden/patio areas
Condition & Upgrades:
• Flats 1, 2, and 4 fully renovated
• Right side of the building upgraded with 15cm thermal insulation
• Flat 3 in original condition, offering renovation potential
Rental Income:
• Flat 1: €900/month
• Flat 2: €850/month
• Flat 3: Estimated €550–€600/month (currently vacant)
• Flat 4: €1,100/month (tenant pays 6 months in advance)
Additional Features:
• Independent kerosene central heating for each apartment (except Flat 3)
• Individual boilers and fuel tanks in licensed roof boiler rooms
• Wireless fuel level monitoring for each unit
• Provision for security cameras
• Video door phone system for each apartment
• Keyless entry system for main entrance
This property combines stable rental returns with future upside through renovation of Flat 3 and potential further development.
An ideal opportunity for investors seeking income-generating real estate with added value potential.
Contact us today to arrange a viewing!
For registering a resale property in the buyer’s name, transfer fees are required. These fees are determined by the property’s market value as assessed by the Land Registry on the purchase date.
Disclaimer - Property reference 8428924. The information displayed about this property comprises a property advertisement. BuySellCyprus.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and BuySellCyprus.com has no control over the content. This property advertisement does not constitute property particulars.
