Residential building for sale in Paphos

An exceptional, high-yield investment opportunity in the heart of Geroskipou. This modern residential block comprises four contemporary 1-bedroom apartments built in 2020, currently generating a steady income with significant upside potential.

Property Overview

Location: Geroskipou, Paphos
Asking Price: €630,000
Property Type: Multi-unit residential building (4 \times 1-bedroom apartments)
Construction Year: 2020
Plot Size: 456 SQM
Building Density: 120%
Current Financials: Generating a monthly income of €2,850 (€34,200 annually) with strong room for rental optimization based on current market rates.

Apartment Features

Each of the four practically designed, open-plan units offers contemporary comfort, abundant natural light, and high tenant appeal:
Spacious bedrooms with built-in wardrobes
Modern, fully-fitted kitchens and stylish bathrooms
Dedicated parking spaces and private storage units for each apartment
Communal roof terrace offering pleasant views, ideal for tenant relaxation

Location & Market Advantages

Situated in one of Paphos's most sought-after and thriving residential hubs, Geroskipou offers a perfect blend of traditional charm and modern convenience. With the local rental market experiencing sharp, sustained upward momentum driven by expat relocations, digital nomads, and high demand for long-term housing, this asset is perfectly positioned for capital appreciation and strong rental yields.

Value-Add & Development Potential

Set on a generous 456 SQM plot with a 120% building density allowance, the existing structure occupies a footprint of only 215.45 SQM. This leaves substantial untapped building density, offering investors a rare opportunity for future vertical expansion or structural additions to maximize long-term ROI.
An ideal, turnkey acquisition for savvy investors looking for immediate cash flow combined with long-term land banking value.