Premium investment building in Neapoli with attractive ROI

€2,000,000

12 Bedrooms
7 Bathrooms
~805 m² Total surface
~805 m² Living area

Description

An exceptional investment opportunity in a prime central location at the foot of Lycabettus Hill, within Neapoli, one of Athens’ established and consistently performing residential districts. This fully operational, income-producing building offers a combination of immediate rental income and long-term value preservation. Total built area: 805 sq.m.  Year of construction: 1979  Number of storeys: 4  Residential configuration: 7 fully renovated one- and two-bedroom apartments  Mixed-use profile: Residential units complemented by 2 ground-floor commercial spaces, contributing to income diversification  Condition: Fully renovated, furnished, and in continuous operation Start of operation: 2019  Location: excellent accessibility, within walking distance of Panepistimio Metro Station and Syntagma Square, ensuring direct connectivity to the historic, commercial, and administrative center of Athens. Residents enjoy: * Apartments with balconies * A large communal rooftop terrace for residents’ use, offering open views toward greenery, the mountain, and the surrounding urban landscape * A well-maintained residential environment suited to long-term occupancy  Investment perspective: the asset presents a compelling profile, combining established income, a prime central location, and long-term hold security, making it attractive for both local and international investors seeking a reliable and well-structured real estate investment in the heart of Athens. The property is transaction-ready.  Contact us for further information and private viewings.

Features

Air-conditioningBalconyBasementBuilt-in kitchenSecurity systemGreen viewMountain viewFurnished

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Myriam Jakiche

Property ID: W-046QSO

Location: Athens, Attica

Location: Lying in the foot of Strefi’s hill and in close distance to Lycabettus hill, Exarcheia is located right in the heart of Athens neighboring Syntagma, the Historical Center and Kolonaki. Unique features: Exarcheia is a vibrant area full of vinyl record stores, bookshops, publishing shops, Universities, libraries, a community-created park, artful graffiti, cool bars, small restaurants with local food and coffee shops . It can be a great place to explore, with its quirky stores, picturesque small alleys, some of the most beautiful neoclassical architecture buildings, and a probably edgy yet vibrant cultural vibe. With a distinctly different vibe to any other part of town, Exarcheia has retained its old Greek charm while welcoming in a new artistic crowd. Neighboring Kolonaki area and just a few meters away from Syntagma square it is one of the most appealing areas in the city center. Exarcheia is rising up to a new era, becoming a sought after neighborhood of Athens. Accessibility: Extremely well-connected by 3 surrounding metro stations plus a new metro line scheduled to stop right in the center of the area. Bus services and trolleys connect Exarcheia to the rest of Athens. The airport is 50 minutes to an hour away by express train and direct buses while the surrounding avenues make it an easily accessible destination from other areas. Investment potential: Its central location combined with the Universities of the area plus the upcoming new metro line make it an ideal area for investment.