€260,000 | 76 m² | 5th Floor | 2 Bedrooms | 1 Bathroom | Elevator | Potential ROI of Approximately 10%
A Smart Investment Opportunity in the Heart of Limassol
Looking for an investment property with the potential to generate attractive rental returns? This centrally located two-bedroom apartment in the highly desirable area of Agia Zoni, Limassol, offers an exciting opportunity for investors looking to maximize the value of their property.
Situated on the fifth floor of a seven-story building with elevator access, this 76 m² apartment enjoys an elevated position, plenty of natural light and a convenient central location. Built in 1978 and offered at €260,000, the property combines an established residential setting with interesting possibilities for redevelopment.
One of its most attractive investment features is the potential to divide the apartment into two separate residential units, subject to the necessary planning permissions, technical feasibility and building regulations. This could allow an investor to generate two independent rental incomes from one property, significantly improving its income potential.
With a potential return on investment (ROI) of approximately 10%, based on the proposed conversion and projected rental income, this property deserves serious consideration from investors seeking opportunities in Limassol.
Two Units – Two Potential Rental Income Streams
The possibility of creating two independent apartments makes this property particularly interesting.
Instead of renting the entire apartment as one residential unit, a carefully planned conversion could create two smaller accommodation units, potentially appealing to professionals, couples and individuals looking for central accommodation.
This strategy could offer several advantages:
Two potential rental income streams instead of one.
Greater flexibility when targeting different tenant profiles.
Potentially higher combined rental income.
An opportunity to increase the property's investment value through renovation and reconfiguration.
Attractive potential returns, with an estimated ROI of approximately 10%, subject to renovation costs, achievable rents and final layout approval.
This is an opportunity for investors who understand the value of strategic property improvements and income optimization.
Bright Interiors and a Versatile Layout
The apartment currently features two well-proportioned bedrooms, one bathroom and a comfortable living area.
Its fifth-floor position allows natural light to flow into the interior, creating a pleasant and airy atmosphere. Offered unfurnished, the property provides a blank canvas for renovation, modernization or a complete redesign according to the investor's strategy.
The existing layout also offers flexibility for exploring the possibility of creating two independent living spaces.
Prime Central Location – Agia Zoni, Limassol
Location is one of the strongest advantages of this property.
Agia Zoni is one of Limassol's established and popular central residential neighborhoods, offering convenient access to everyday amenities, shops, cafes, restaurants and essential services.
Its central position makes it attractive to working professionals, couples and tenants who appreciate having daily conveniences within easy reach.
For investors, this location offers the advantage of targeting tenants who value central urban living and convenient access to Limassol's main commercial and residential areas.
An Investment with Vision and Potential
Offered at €260,000, this two-bedroom apartment represents more than a conventional residential purchase. Its potential to be converted into two separate units creates an interesting opportunity to develop a stronger rental-income strategy.
Whether you are an experienced property investor or looking to enter the Limassol rental market, this property offers the possibility to transform an existing apartment into a more versatile income-generating asset.
Contact Fox Realty – Limassol/Paphos today to arrange a private viewing and explore the investment possibilities of this property.
Frequently Asked Questions
1. Where is the apartment located?
The property is situated in Agia Zoni, a central and popular residential area of Limassol, close to shops, cafes and everyday amenities.
2. What is the asking price?
The apartment is offered for sale at €260,000.
3. What is the size of the apartment?
The property offers 76 m² of internal living space.
4. How many bedrooms and bathrooms does it have?
The apartment currently features two bedrooms and one bathroom.
5. On which floor is the apartment situated?
It is located on the fifth floor of a seven-story building with elevator access.
6. When was the building constructed?
The building dates back to 1978.
7. Is the apartment furnished?
No, the apartment is offered unfurnished, allowing the new owner to renovate and furnish it according to their preferences.
8. Can the apartment be divided into two separate units?
There is potential to reconfigure the apartment into two independent residential units. This possibility must first be confirmed through architectural assessment, technical feasibility checks and the relevant planning and building approvals.
9. What is the potential return on investment?
The proposed investment strategy targets an estimated ROI of approximately 10%, based on the possibility of creating two separate rental units. Actual returns will depend on renovation and conversion costs, achievable rental rates, occupancy, operating expenses and the final approved configuration. This figure is a projection, not a guaranteed return.
10. Who would this property be suitable for?
It is particularly suitable for property investors, developers and buyers interested in renovation projects and opportunities to create additional rental income in central Limassol.
Property Highlights
Location: Agia Zoni, Limassol
Asking price: €260,000
Property type: Apartment
Internal area: 76 m²
Bedrooms: 2
Bathrooms: 1
Floor: 5th of 7
Elevator: Yes
Year of construction: 1978
Furnishing: Unfurnished
Potential to create two independent residential units, subject to approvals
Target investment ROI: Approximately 10%
Excellent central location
Attractive rental investment potential
Investment Apartment for Sale in Agia Zoni, Limassol – Potential 10% ROI
Two-bedroom apartment for sale in Agia Zoni, Limassol, priced at €260,000. Located on the fifth floor of a seven-story building with elevator access, this 76 m² property features two bedrooms, one bathroom and a bright interior. Built in 1978 and offered unfurnished, the apartment presents an interesting renovation and investment opportunity, with the potential to be converted into two independent rental units, subject to the necessary approvals. The proposed investment strategy targets an approximate 10% ROI, making it an attractive opportunity for investors seeking rental income and value appreciation in central Limassol.
