14 bedrooms Building in Geroskípou, Paphos, Cyprus No. 61289

An excellent investment opportunity is available with this apartment block located in the popular area of Geroskipou, just minutes from Paphos town and the coastline. Built in 2009, the property comprises a total of eleven residential units, eight of which are one-bedroom apartments and three are two-bedroom apartments, with a total covered area of 769 sqm. All apartments are currently rented on long-term contracts, ensuring immediate and secure rental income for the new owner.

The building has been thoughtfully designed to provide convenience and functionality, featuring an elevator, underground covered parking with allocated spaces, and additional storage units for residents. Monthly maintenance expenses are minimal at €180, covering utilities, elevator servicing, and cleaning, which contributes to the smooth management and upkeep of the property.

This investment generates a strong monthly rental income of €8,000, equating to €96,000 annually, offering a solid return for investors seeking a stable asset. With a listed price of €1,848,000 and a prime location in Geroskipou, this property presents a rare opportunity to acquire a fully tenanted building in one of the most desirable areas near Paphos, combining long-term security with excellent growth potential.