Ακταίο, Peloponnese, Western Greece and Ionian 26504

A great opportunity to buy an investment building in the area of Patra - Greece. Built in 2005, with 14 small apartments, all of them rented, 200m from the seaside, 12 min drive from Patras university. Patra's university is one of most popular in Greece something that makes the apartments of the building always easy to rent out.The location of the building is ideal since its in avery quiet neighbourhood, 200m from the seaside, 100m from the train station and the bus stop. Building is divided as follows : 6x40sqm apartment with one bedroom, living room, kitchen, bathroom6x29sqm studios with living room, kitchen and bathroom, 2x25sqm studios with living room, kitchen and bathroomAll apartments can have parking spot available, air conditioning heating, electrical water heater. The foor of the building offers magnificent view of the sea, the Rio Antirio bridge and the mountains. Investment breakdown : Current rent yeild : 5, 5% gross Estimated renovation cost to upgrade building exterior and interior 130.000 euro Estimated purchase cost and renovation cost along with all expenses : 900.000 Potential rent income after renovation : 64.000 euro Potential sales price per sqm after renovation 2500 euro per sqm.