693m2 Building in Latsia, Nicosia, Cyprus No. 30656

Property description

Building with (12) twelve flats in Latsia, Nicosia District.
It is a two-storey building that was constructed around the year 1998 and consists of a ground floor parking space and twelves flats on the floors above.
On the 1st floor there are six flats (2 one bedroom & 4 two bedrooms flats). The internal area of the flats is varying from 42 sq.m. to 61 sq.m. plus covered verandas.
The 2nd floor is similar with the 1st floor and consists of six flats (2 one bedroom & 4 two bedrooms flats). The internal area of the flats is varying from 42 sq.m. to 61 sq.m. plus covered verandas.
Each flat has a covered parking space on the ground floor.
It is noted that seven flats are rented with a total income of €2.350/month.
Total internal area of the building is 646 sq.m.
The building is considered as an appealing investment opportunity as it has potential for higher yields of more than 6%.