Investment Opportunity – Entire Mixed-Use Building
in Ilisia – Zografou, Athens
A rare, ready-to-invest opportunity is presented in one of the most sought-after urban areas of Athens.
This six-story building combines immediate income generation, diversified revenue streams, and long-term capital appreciation. Ideal for investors, developers, or real estate investment funds, it offers a unique mix of residential units, commercial space, and parking facilities under one roof.
Property Highlights
- Six-story building with a total surface area of 2,080 sq.m.
- 27 fully leased studio apartments with stable income
- Ground-floor commercial space with mezzanine, offering prime retail frontage
- Two basement levels with 16 parking spaces in a high-demand area
Surface Breakdown
- Residential Units: 1,031 sq.m.
- Commercial Space: 295 sq.m.
- Underground Parking (16 spaces): 754 sq.m.
Current Rental Income (Fully Leased)
- Studios: €15,500/month
- Commercial Space: €4,500/month
- 16 Parking Spaces: €1,714/month
➡️ Total Monthly Income: €21,714
Annual Gross Income: €260,568
Gross Yield: ~6%
This diversified income profile ensures stable cash flow while offering significant upside potential through rent optimization, short-term leasing, or conversion into serviced apartments/student housing (subject to licensing).
Asking Price
💼 €4,200,000 – Entire Building
Detailed Floor Description
Basement Levels – Parking
- Lower Basement (376.95 sq.m.): Includes 9 spacious parking spaces, ensuring convenient access for tenants.
- Upper Basement (376.95 sq.m.): Includes 7 additional parking spaces (Total: 16 spaces).
Commercial Unit (Retail Space)
- Ground Floor (197.30 sq.m.): Main commercial area with wide, premium frontage, ideal for food & beverage, retail, or customer service offices.
- Mezzanine (70.95 sq.m.): Auxiliary or office space directly connected to the ground floor, enhancing functionality.
Residential Levels – Studio Apartments
1st Floor (5 Apartments):
- Apt A1: 29.80 sq.m.
- Apt A2: 47.40 sq.m. (second largest studio)
- Apt A3: 48.70 sq.m. (largest studio)
- Apt A4: 33.85 sq.m.
- Apt A5: 31.85 sq.m.
2nd Floor (5 Apartments):
- Apt B1: 29.85 sq.m.
- Apt B2: 35.30 sq.m.
- Apt B3: 35.35 sq.m.
- Apt B4: 33.65 sq.m.
- Apt B5: 31.60 sq.m.
3rd Floor (5 Apartments):
- Apt C1: 30.50 sq.m.
- Apt C2: 33.20 sq.m.
- Apt C3: 28.90 sq.m.
- Apt C4: 35.90 sq.m.
- Apt C5: 30.45 sq.m.
4th Floor (4 Apartments):
- Apt D1: 31.95 sq.m.
- Apt D2: 33.30 sq.m.
- Apt D3: 32.10 sq.m.
- Apt D4: 30.05 sq.m.
5th Floor (4 Apartments):
- Apt E1: 28.20 sq.m.
- Apt E2: 27.35 sq.m.
- Apt E3: 28.35 sq.m.
- Apt E4: 28.65 sq.m.
6th Floor (4 Apartments):
- Apt F1: 28.20 sq.m.
- Apt F2: 27.35 sq.m.
- Apt F3: 28.35 sq.m.
- Apt F4: 28.65 sq.m.
Why This Property is Ideal for Investors & Developers
✔️ Fully operational, income-producing asset with immediate cash flow
✔️ Diversified revenue streams: residential, commercial, and parking
✔️ Prime location in Ilisia – Zografou with high rental demand
✔️ Ready for renovation or value repositioning
✔️ Excellent accessibility and visibility in central Athens
✔️ Strong value-add potential through upgrades, short-term rentals, or commercial restructuring