Sale, Residential, Residence complex

ISTORIKO CENTER - MONASTIRAKI

Property Code: 519040

Rooms 10
Bathrooms 10
Floor 2 (2nd)
Area 320 m2
Construction 1975

1700000

Calculate my installment

5312.5 € / m2

Modify Date: 23/07/26

Description

Exceptional Investment Property with 10 Operating Apartments – Monastiraki, Historic Center of Athens A rare investment opportunity is offered in the heart of Athens' historic center, in the vibrant and internationally renowned area of Monastiraki. This exceptional property occupies an entire second floor with a total surface of 320 sq.m. and consists of 10 fully designed, furnished, and operational apartments, currently operating successfully as short-term rental accommodations. The property has been carefully configured to maximize functionality, guest comfort, and rental performance, allowing a new owner to acquire a fully established hospitality asset with immediate income potential. All apartments are in very good condition and have been professionally arranged to meet the expectations of both domestic and international visitors, eliminating the need for additional renovation, furnishing, or operational setup. Currently operating as Airbnb-style short-term rentals, all ten units benefit from the area's exceptionally strong year-round tourist demand. Athens continues to attract millions of visitors annually, while Monastiraki remains one of the city's most visited destinations due to its unique combination of historical monuments, cultural attractions, shopping streets, vibrant nightlife, and authentic local atmosphere. This constant flow of visitors contributes to consistently high occupancy rates and attractive rental yields throughout the year. The strategic location significantly enhances the property's investment value. Within just a few minutes' walk, guests can reach the Acropolis, the Ancient Agora, Plaka, Syntagma Square, Ermou shopping street, and numerous museums, restaurants, cafés, rooftop bars, and entertainment venues. Excellent connectivity through the nearby Metro station and public transportation network provides direct access to Athens International Airport, Piraeus Port, and every major district of the city, making the property particularly attractive to international travelers. The building's layout has been optimized for hospitality use, allowing efficient management and smooth day-to-day operation while maintaining guest privacy and comfort. The property's excellent condition and proven operating history make it an ideal acquisition for investors seeking immediate cash flow rather than undertaking lengthy development or renovation projects. Whether incorporated into an existing hospitality portfolio or acquired as a standalone investment, this property offers an outstanding combination of prime location, established business performance, and long-term capital appreciation potential. The continued growth of Athens' tourism sector, together with the enduring popularity of Monastiraki as one of the city's premier destinations, further strengthens its investment profile. Offering 10 income-producing apartments, a premium location in the historic center of Athens, immediate operational readiness, and exceptional long-term prospects, this is a truly rare opportunity to acquire a high-performing hospitality asset in one of Greece's strongest and most resilient real estate markets.

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Boiler : Yes
Renovation : Complete
Drainage : Sewer
Elevator : External
Floors : Tile
Computer network : Yes
Satellite Antena : Yes
Equipment : Bed sheets, Towels, Blankets, Pilows
Furnished : Yes, Luxurius
Electrical devices : All
Heating : Air condition
CCTV : Yes
Pets acceptable : Yes
Air conditioning : Yes
Housework : Dishes, Forks, Spoons, Knifes, Water glasses, Wine glasses, Whiskey glasses, Hand bleders, Mop-broom-lamb
Security door : Yes
Stairs : External
Phone center : Yes
Type Power : Three phase
Kitchen (number) : 0
Kitchen : Bright
External appearance : Good
Surrounding area : Close to market, Close to public transports
Property area : 1
Storehouse : Yes
No. Floors : 6
Zone : Residential zone
View : Unlimited
Position : Double frontage, Facade
Suitable for Vacation House : No
Suitable for Business use : Yes
Suitable for Students : No
Quality construction : Excellent construction
Quality area : Excellent
Orientation : Southeast
Transportation : Bus, Metro, Suburban, Tram, Electric, KTEL (Bus transport)
Number of apartments : 10

Loan Calculation

Loan Amount *Minimum loan amount 10.000€ Floating Interest Rate: Euribor 3M (indicatively 2%) + spread (from 1.75%) + contribution L.128/75 (0.12%) Fixed Interest Rate: from 2.8% + contribution L.128/75 (0.12%)
Loan Interest
Loan Repayment Period

Example: Loan of €100,000, total duration 30 years. For the first three years, final interest rate 2.92% and for the remaining 27 years, final interest rate 4%. Indicative installment for the first three years ~€420 and for the remaining 27 years ~€500

Indicative Installment Amount

Interest Amount:
*The final interest rate is determined based on the mortgage loan program (floating, hybrid, fixed) and the borrower's profile.

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