Overview
- Property ID
- 165651
- 4 Bedrooms
- 4 Bathrooms
- 456.00 m2
Description
Asking price: €630,000
Construction year: 2020
Total area: 456m²
Current rental income: €2,850/month | €34,200/year
An excellent resale investment opportunity in Geroskipou, Paphos, comprising a whole building with four well-designed 1-bedroom apartments.
Each apartment offers a practical layout with modern open-plan living areas, contemporary kitchens and spacious bedrooms with built-in wardrobes. The building also benefits from a common rooftop terrace, parking and storage facilities.
Property details
- 4 x 1-bedroom apartments
- Total area: 456m²
- Construction year: 2020
- Modern open-plan living and dining areas
- Contemporary kitchens
- Spacious bedrooms with built-in wardrobes
- Excellent natural light
- Parking
- Storage
- Common rooftop terrace
- Monthly common expenses: approximately €80
Investment opportunity
The four apartments are currently generating a combined rental income of approximately €2,850 per month, equivalent to €34,200 annually.
At the asking price of €630,000, the current gross rental yield is approximately 5.43%.
The apartments have the potential to generate rental income of approximately €800–€1,000 per unit per month, providing an estimated gross annual rental yield in the region of 5–6%, depending on the achieved rental rates.
Prime location – Geroskipou, Paphos
Situated in the established Geroskipou area, the building benefits from convenient access to local amenities and the wider Paphos area. Geroskipou offers a popular residential environment with easy access to shops, restaurants, services and transport connections.
With four separate 1-bedroom apartments within one building, this property provides investors with multiple rental income streams and the flexibility associated with a multi-unit residential investment.
Key investment highlights
- Whole building for sale
- 4 independent 1-bedroom apartments
- Built in 2020
- Existing rental income
- €34,200 current annual income
- Approx. 5.43% current gross yield
- Potential rental yield of approximately 5–6%
- Parking and storage
- Common rooftop terrace
- Strong long-term rental potential
- Established location in Geroskipou, Paphos
Asking price: €630,000
An attractive opportunity for investors seeking an income-producing residential property with multiple rental units in the Paphos area.
