Residential Building 330sq.m.

Description

Property Code: 2-1205 - Building FOR SALE in Kipseli Ano Kipseli - Evelpidon for € 500.000 . This 330.50 sq. m. Building consists of 4 levels and features . The property also boasts tiled floor, Window frames: Aluminium, Armourplated door, a storage unit sqm, A/C, electrical appliances. The building was constructed in 1960 and renovated in 2025 Plot area: 160 s.q. . Building Energy Rating: G Nearest metro station at 800 meters.

In the dense, dynamic, and ever-vibrant neighborhood of Ano Kypseli, at 10 Filotheou Street, a fully renovated residential building is offered for sale, presenting an exceptional investment opportunity. The building totals 330 sq.m. across four levels (basement, ground floor, first floor, second floor) on a 159.60 sq.m. plot and is functionally divided into five separate apartments: two 50 sq.m. units on the ground floor, two 50 sq.m. units on the first floor, and one open-plan 42.57 sq.m. unit on the second floor, which opens onto a spacious shared terrace. A 53.5 sq.m. basement provides additional auxiliary space. This property stands out as a rare opportunity to benefit from economy of scale: five independent residential units within a single building, with full ownership of the land, rooftop terrace, and uncovered ground-floor space. The compact and efficient layout of each apartment maximizes rental return. Each unit includes an open-plan kitchen-living room, a modern bathroom with shower, and a bedroom with built-in closets. The first-floor units also enjoy balconies, while the top-floor apartment includes exclusive access to a wide terrace, ideal for a roof garden or outdoor lounge area. The building has just been comprehensively renovated with high-end materials and a clean, minimalist aesthetic. All apartments are equipped with air conditioning (cooling & heating), new aluminum window frames with electric shutters, stylish tiling, security doors, and new electrical installations. The original building is of modernistic style and was built gradually from 1951 to 1960. The location offers excellent transport accessibility. A trolleybus stop is just a few meters away while additional bus stops are located around the property. Furthermore, a new metro station is currently under construction at Kypseli Square, which will significantly boost property values and access in the near future.
Kypseli is one of the most densely built neighborhoods not only in Athens but globally. It is known for its multicultural character and vibrant urban life. The area is filled with retail shops, supermarkets, restaurants, cafés, bars, art venues, cinemas, theaters, and a wide array of public and private services, including schools, sports facilities, religious institutions, and health centers. Major green spaces such as Tourkovounia Hill, Alsos Galatsiou, Pedion Areos Park, and the Dikastiria grove are all within walking distance, offering welcome relief from the urban intensity. This property is a unique chance to acquire an entire residential building in a high-demand rental zone of central Athens. It is ideal for investors seeking strong and diversified returns via long- or short-term rentals, or for those wanting flexible use options with the security of full ownership. With its strategic location, modern infrastructure, and potential for future capital appreciation, this building offers both immediate yield and long-term value.