Great rental income flat 100m from Akti Olympion sandy beach Molos
For Sale / EUR 105.000
This flat is opposite the promenade Molos area next to the old town, the main commercial centre of Anexartisias, St. Andrews street and only 100m from Akti Olympion sandy beach. The location of this flat is excellent for a wide variety of potential tenants and can never stay empty.
The flat is North facing on the 3rd floor, overlooks a wide open area because it backs onto a very large parking space area.
The lounge is somehow separate to the kitchen and with the installation of 1 door it can easily be separated. The bathroom has a full bath installed and it is in good condition. The flat will come with 2 working order air conditioning units, a stove, a hob and an extractor fan.
With minor redecoration €2000 -3000 this flat can fetch €450 common expenses due to its excellent location. A net return of 5.1%
With a major renovation (approximately €20000) this flat can achieve close to €750 a net return of 7.5%
The flat has no allocated parking but just behind the building a slot can be rented for €60 per month. The slot is covered. Even without the parking, many working professionals working within walking distance of the flat will not bother if they do not have parking.