This two-storey residential building in Geroskipou, Paphos presents an excellent investment opportunity, offering four fully rented 1-bedroom apartments in a well-established residential area close to the town centre, schools, shops, and everyday amenities.
Built in 2020, the property comprises four modern one-bedroom apartments, each with an internal area of approximately 55–57 m². Every apartment features an open-plan living and kitchen area, a spacious bedroom with fitted wardrobes, abundant natural light, and comes fully furnished and equipped. Split-unit air conditioning is installed throughout, allowing immediate occupancy and continued rental income.
Residents also benefit from a communal roof terrace, storage room, and four uncovered parking spaces.
The property sits on a 456 m² plot with a building density of 120%. The existing building occupies approximately 215.45 m², leaving additional development potential, making it an attractive opportunity for both investors and developers.
Currently configured as an income-producing asset, each apartment has a projected rental income of €800–€1,000 per month, providing an estimated gross annual rental yield of approximately 5–6%.
Internal Area: 224 m² | Plot Area: 456 m² | Floors: 2 | Year Built: 2020
Key Features
• Two-storey residential building
• Four fully furnished 1-bedroom apartments
• All apartments currently rented
• Open-plan living and kitchen layouts
• Modern kitchens with appliances
• Built-in wardrobes
• Split-unit air conditioning
• Communal roof terrace
• Storage room
• Four uncovered parking spaces
• Title deed available
• 120% building density
• Additional development potential
Investment Highlights
• Four independent income-producing apartments
• Estimated rental income of €800–€1,000 per apartment per month
• Estimated gross rental yield of approximately 5–6%
• Strong investment opportunity with immediate income
• Additional development potential on the remaining plot area
Location Highlights
• Located in Geroskipou, Paphos
• Close to schools, supermarkets, shops and daily amenities
• Easy access to Paphos town centre
• Short drive to the beach and tourist area
• Convenient access to the motorway and Paphos International Airport
