Excellent investment property near the University of Piraeus

€280,000

3 Bedrooms
3 Bathrooms
~128 m² Total surface
~128 m² Living area

Description

A 128 sq.m. property on two levels (semibasement, ground and 1st floor), fully renovated from scratch in 2024. This is an exceptional investment opportunity, as it is already leased to students, ensuring immediate rental income with returns that can reach up to 9%. Thanks to its strategic location, it is ideal for student housing, being just a few steps from the University of Piraeus, very close to the “Dimotiko Theatro” metro station and Faliro station, right next to major road arteries and tram stops, while also only a short walk from Pasalimani and the city’s main shopping district. In addition, there is the possibility of constructing an additional floor by the owner, at extra cost, which significantly increases the property’s value since it can also be rented out as a separate student apartment. This property is the perfect choice for investors seeking steady income and high returns in one of the most vibrant and fast-developing areas of Piraeus.

Features

Air-conditioningBalconyBuilt-in kitchen

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Theodoros Tsempelis

Property ID: W-030LMM

Location: Piraeus, Attica

Location: Piraeus is just 12 kms to the south of Athens city center and is one of the most important commercial and passenger ports in Europe, servicing passenger traffic to more than 200 inhabited islands in Greece, whose main connection with the mainland is via the Piraeus port. Unique features: A family-friendly seaside neighborhood that still retains its authenticity, Piraeus is where Greece’s powerful shipping industry was born, and it retains its strong maritime character with most shipping companies as well as the Piraeus Marine Club and the Yacht Club of Greece based here. It is home to the beautifully restored Municipal Theater and the Archeological Museum of Piraeus. Piraeus has some of the most picturesque bays such as Mikrolimano, lined with upscale fish restaurants and has the usual big-city delights of shops, cinemas, theaters, and museums. Accessibility: Piraeus now has three new metro stations and now is well connected to the center of Athens and the rest of the suburbs, the route to the airport by metro is only one hour. Moreover Piraeus also has a tram, a railway station, and several bus lines. Finally, it is the main transfer station for passenger, commercial and cruise ships. Investment potential: The neighborhood benefitted hugely from the Piraeus Port Development, Flisvos Marina redevelopment and to the Stavros Niarchos Foundation, making it a prime choice for real estate investors.