Building In Strovolos with 4 Three Bedroom Apartments

For 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!