For SaleCommercial in Prodromos/Christopolitisa, Larnaca
About this property
An outstanding opportunity to acquire a fully operational apartment building in the highly sought-after area of Prodromos / Christopolitisa, just moments from Radisson Blu and key city amenities. This well-maintained building offers 443 m² of covered area on a 595 m² plot, combining immediate rental income with excellent future development potential. Property Breakdown 12 Apartments Total 6 × 1-Bedroom Apartments 6 × 2-Bedroom Apartments Separate title deeds available for all apartments and the land Current Rental Income 1-Bedroom units: approx. €600/month 2-Bedroom units: approx. €700/month 8 units already rented Current monthly income: ~€4,600 With full occupancy, the building has the potential to generate €7,800+ per month, offering an estimated ROI of approximately 5%–6%, with clear upside through rental increases or full occupancy. Investment Potential High rental demand in a central location Opportunity to increase income over time Potential to build an additional 3 floors, significantly increasing value and returns Ideal for long-term investment or development project Prime Location Near Radisson Blu Hotel Close to shops, cafes, schools, and services Easy access to main roads and city center Key Features Covered Area: 443 m² Plot Size: 595 m² Elevator access Bright, functional apartments Flexible investment with individual title deeds Why This Property Stands Out Immediate income with existing tenants Strong ROI with future growth potential Development opportunity (additional floors) Prime location in high-demand area Rare chance to own an entire residential building Price: €1,900,000 This exceptional investment is proudly presented by Lextrus Real Estate. Contact us today to arrange a viewing or receive full details.
Features
- Aircondition
- Elevator
- Heating
- Parking
- Solar water heater
- Double glazing
- Earthquake-resistant structure
- Easy access to main roads
- Entrance gate
- Entrance gate
- automated
- Internal stairs
- Main road
- Near amenities
- Near public transport
- Raised floors
- Sound insulation
- Spacious rooms
- Thermal insulation
Location
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The island's emerging waterfront city. Browse similar homes for sale and rent, or read our Larnaca area guide.