House for Sale in Afalonas – An Ideal Investment Opportunity, € 48,000, 55 m²

House for Sale in Afalonas – An Ideal Investment Opportunity

This house is located near the center of the picturesque village of Afalonas, just 6 kilometers from the center of Mytilene. The property consists of two independent studio apartments, making it an excellent investment choice.

The expected return on investment, even including the renovation costs, reaches 10%. With the growing tourism development on our island, this percentage could more than double.

Each studio apartment is a two-room unit and includes a bedroom, a kitchen, and a bathroom. Additionally, one of the two apartments features a storage room, offering practical storage solutions.

Afalonas is a traditional village with island charm and unique culture. Built on a hill, it offers the privilege of breathtaking panoramic views.

This house is an outstanding opportunity for those seeking to invest in a property with distinctive character and significant potential returns.
  • Distance from sea (m): 1500
  • Storage space
  • Balcony
  • Corner
  • Airy
  • Lot size: 80 m²
  • Internal stairs
  • View
  • Pets welcome
  • Without Monthly shared expenses
  • Frames Type: Wooden
  • Orientation: East west
  • Road type: Pedestrian
  • Facade
  • Glass Type: Single Glass
  • Floors Type: Wood and tile
  • Bright
Code 16739711

House for Sale in Afalonas – An Ideal Investment Opportunity