Investment building 245 sq.m. in a quiet neighborhood of Kypseli

€290,000

5 Bedrooms
3 Bathrooms
~245 m² Total surface
~245 m² Living area
~200 m² Plot surface

Description

Small building with a total area of 245 sq.m. with a beautiful courtyard, in a quiet neighborhood of Kypseli on the border with Polygono, on a 200 sq.m. plot. It consists of a small ground-floor apartment and two floor apartments (1st & 2nd floor). Built in 1958 and requires complete renovation. For optimal investment return, a study has already been prepared and a relevant permit has been issued for conversion into five independent small apartments—an important factor that reduces time, cost and uncertainty for the investor. In its final form, the building offers opportunities for use as student housing, as an Airbnb, or as small-scale serviced apartments, as there is high demand for small apartments in the wider area. The property is in a quiet neighborhood, yet close to public transport and shops.

Features

GardenPatioTerrace

Engel & Völkers Athens MMC

+30 211 1055000

Your advisor: Eleni Antonaki

Property ID: W-0482U7

Location: Kipseli, Athens

Location: Kypseli is one of the city’s most interesting neighborhoods. It borders Patission Street to the west, Pedion tou Areos to the south, Attiko Alsos (Tourkovounia) to the east, and the Municipality of Galatsi to the north. Key features: Kypseli’s main landmark is the Fokionos Negri pedestrian street. It consists of a wide green strip in the center with trees, benches, fountains, and statues, surrounded on both sides by cafés, as well as restaurants and shops. A characteristic example of Athenian modernism on Fokionos Negri is the Municipal Market, which was renovated by the Municipality of Athens in 2016. Agios Georgios Square is only a few minutes from Fokionos Negri and is the city’s new popular meeting point—an area that is, in itself, a small neighborhood. Prominent in residents’ daily life are Pedion tou Areos, one of Athens’ largest public parks, Mount Helikon Hill, and Attiko Alsos in Upper Kypseli, a green and recreation area of high ecological value for the Athens basin. It covers 550 stremmas on Mount Tourkovounia and includes playgrounds and tennis, volleyball, and basketball courts. Accessibility: Victoria Station is nearby, while four new metro-line stations currently under construction will upgrade the area’s public transport. Investment potential: This area is in central Athens and is in high demand from buyers.