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Apartment building in kato pafos

Paphos, Paphos - Kato Paphos
Posted: 21.07.2025 12:00 Ad ID: 5375730
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  • Reference number: B-122150
  • Condition: Resale
  • Plot area: 550 m²
  • Property area: 425 m²
  • Postal code: 8046
  • Online viewing: Νο
  • Construction year: 1996
  • Energy Efficiency: In Progress
  • Square meter price: €3.035 /m²
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Nine-Bedroom Building in Kato Paphos + Permits for 3 More – Investor’s Dream!

? Prime Location – Walk to AUB, Kings Avenue Mall & the Beach

An exceptional investment opportunity in the heart of Kato Paphos! This fully let building comprises nine one-bedroom apartments, ideally located within walking distance of the upcoming American University of Beirut (AUB), local amenities, and major tourist attractions like Kings Avenue Mall and the city center.

?️ Property Highlights:

Net Covered Area: Approx. 425 m²

Planning Zone: Κα5 (Residential)

Building Density: 100%

Coverage Coefficient: 50%

Max Floors: 3

Max Height: 13.5 meters

Covered Parking included

Separate Title Deeds for each apartment

Currently, all nine apartments are rented long-term, generating a stable annual income of €63,000.

? Value-Add Potential:

Approved building permits for a third floor

Potential to add three additional apartments

Opportunity to increase rental income through short-term rentals (e.g., Airbnb)

Significant capital appreciation potential after renovation and expansion

This is a rare chance to acquire a high-potential investment property with steady income, development rights, and long-term flexibility.

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Run a full technical and legal real estate check today
  • Technical inspection:
    HOMESURV
    +357 22 377 004
  • Legal inspection:
    CTA LAW FIRM C.T. Antoniou & Co LLC
    + 357 22 516 838
  • Technical inspection:
    SQUARE ARCHITECTS
    +357 99 592 218
  • Legal inspection:
    M.PARASCHOU LAW Advocates & Legal Consultants
    +357 22 622 262
  • Technical inspection:
    HOME CHECK
    +357 96 504 296

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€1.290.000
€3.035/m²
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Posting since jul, 2019

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