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★ Three floor building ★

€98,000
  • Listing type: For Sale
  • Bedrooms 4
  • Bathrooms 7
  • Living Area 235
  • Property type: Apartment, Special Projects
  • Built In 1974

Property Description

★ Close to the center of Sitia town, for sale this bulding 235m2 dated 1974. Seven small apartments in total, size from 30-35m2 each.
It is an excellent investment opportunity because of location and purchase price.
Recommended to renovate, reform the rooms as now is old fashion shaped with small kitchen and bathrooms. Marble floors are in very good condition.
A modern architecture design highlight will make the apartment desirable for rent.
Ground Floor:
– Two apartments, one studio + one bedroom apartment
First floor:
– Two apartments, one bedroom each
Second floor:
– Two apartments, one studio + one bedroom apartment
Basement:
One apartment 30m2 with seperate entrance
— Most of them are now rented with average monthly rental 150euros. After reforming/renovated can be rented 200-250euros per month each. Alternative can operate as holiday homes for higher income.
Recommended building works:
New wiring electricty and plumbing, new bathrooms and kitchen furniture, change all exterior and interior doors and windows, insulations in walls and roof for a high energy class.
An aproximate cost for building works is from 120.000-150.000 euros

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