Pindou 1
Yield Percentage
26.66%
sale p. after renovation
Initial Purchase Pr.
€94,000
rooms
3
floor
6
square meter
80
neighborhood
Kypseli
Status
Project in Progress
about the property
The apartment is an 85 sqm penthouse on the 6th floor. In Athens, penthouse apartments enjoy large and spacious balconies, and this apartment has a balcony of about 60 sqm.
The apartment is family-owned and located in a corner position with a great mountain view, offering a panoramic view of Athens. After renovation, the apartment will have 2 bedrooms, a bathroom, and a guest restroom. Additionally, the apartment includes a private parking space in the building, a highly valuable commodity in Athens, which suffers from severe parking issues.
The building is in excellent condition with a tidy and clean entrance, a modern elevator, and a marble-clad staircase.
This is one of two apartments damaged by fire that Lar Homes acquired. The apartments require a complete renovation, and after completion, they will feature underfloor heating to ensure a cozy winter in cold Athens. Additionally, the apartments will benefit from high thermal insulation for maximum energy savings. The apartments will have new electrical and plumbing systems, triple-layer wooden parquet flooring, security doors, solar water heaters, thermal aluminum fixtures, and air conditioning systems for the hot Athenian summer. The roof will be re-sealed to prevent water infiltration and leaks.
Since this is one of the two apartments damaged by fire, they are available at a true bargain price.
Rea Lev Ari's familiarity with the Athens real estate market and numerous brokers allows Lar Homes to offer this apartment to investors. Moshe Ben Hamo's professional expertise in construction enables Lar Homes to carry out the complex renovation required, turning the apartment into a true gem that can be sold at a particularly high price, ensuring a good return for investors. Lar Homes' knowledge guarantees investors that the apartment will be renovated safely and receive the necessary approvals from authorities.
Key Features
Large corner penthouse, Huge balcony, Beautiful view, Parking