Investment Opportunity | 3 Residential Apartments for Sale| Opposite Kings Avenue Mall | Kato Paphos
A fantastic investment opportunity in one of the most desirable locations in Paphos, directly opposite Kings Avenue Mall and within walking distance of the beach, harbour, restaurants, supermarkets and all amenities.
The property consists of three separate residential units:
Renovated ground-floor studio, currently operating as a successful short-term rental.
Ground-floor studio, rented long-term with excellent potential for renovation and higher rental return.
Spacious 2-bedroom apartment on the 4th floor with a balcony, currently rented on a long-term basis.
Property Features
Prime location opposite Kings Avenue Mall
Three income-generating units
Private parking
Balcony with city views
Walking distance to the beach and all amenities
Approx. 30-year-old building
No lift
Investment Potential
The property is currently occupied by long-term tenants paying below current market rates.
Following renovation of one studio and adjustment of rents to current market levels as tenancies change, the property offers excellent potential for a significantly higher rental yield, making it an attractive long-term investment.