1972655 - Residential Building For sale, Kaminia - Palaia Kokkinia, 360 sq.m., €400.000 – ID 2098965

Building for sale in Piraeus. Situated in a highly central location in Piraeus, this independent residential building offers a rare investment opportunity in Greece’s most vibrant port city. The total building area is 360sqm and today consists of 6 completed furnished apartments spread over 3 levels (ground floor, first floor, second floor) with a building permit already issued (10/2024) for the construction of the 4th floor which will create 2 additional apartments of 30sqm and 45sqm — therefore in total 8 apartments once completed. In total the property currently provides 8 kitchens, 8 living rooms, and 8 bathrooms. The building was originally built in 1961 and was renovated in 2016 (3 units) and again in 2025 (another 3 units). It is fully updated, modern, and already generating rental income. The usage today is student accommodation. Heating is autonomous electric heating and monthly shared expenses are just €30. The property sits on a generous land plot of 1,000sqm and due to the zoning and layout it can also be transformed into a boutique hotel, serviced apartments, office space, or a mixed-use scheme — offering flexibility for high return models in one of the strongest rental demand areas of the city. EPC certificate is not required for this specific property category. Entering the building, you immediately feel order, structure, and clarity of architecture. Each floor hosts two independent apartments of 30sqm and 45sqm respectively. The interiors are in excellent condition, fully refurbished, efficiently designed, and extremely attractive to tenants. The building is clean, functional, and ready to continue generating income. Once the 4th floor is completed, the investor will benefit from 2 additional apartments — one 30sqm unit and one 45sqm apartment with attic/loft — further increasing cash flow and capital value. Outside, the property stands on a large plot of 1,000sqm. This gives privacy, usability, and future outdoor potential depending on the business concept (garden common areas, boutique hotel reception terrace, short-term rental outdoor zones). It is a rare benefit to have this much land surface in such a central location of Piraeus. Piraeus itself is one of the most dynamic urban markets in Greece. It is the main gateway of the country and the biggest port in the Mediterranean. It welcomes international tourism, cruise ships, business visitors, maritime executives, students, and corporate long term demand. Every day thousands of people arrive, depart, relocate, transfer, and need accommodation. It is strategically connected to the Metro, to the University of Piraeus, to the entire Athens Riviera and to the ships that connect Greece to the Aegean islands. This is exactly why properties in this specific area rent fast, stay full, and never remain empty. Demand is natural, organic, and constant. And this is why this property is ideal not only as a stable rental investment but also as a scalable return machine. Based on the asking price, the estimated ROI is 9% – 10% (calculated including the future 4th floor). This level of return is extremely rare today in Athens and Piraeus. In a market where true opportunity is becoming harder to find, this building is not just an acquisition — it is a strategic move. PROPERTY ID: AB-1598. Ktimatoemporiki Real Estate contact phone: 2150000250, 2821056600 email: [email protected] website: http://ktimatoemporiki.gr

8 bedroom building

Piraeus, Attica, Greece