Residential building in Nicosia № 185061

Residential building with an area of 1,253 m2 for sale in Strovolos - Chryseleousa, Nicosia. The facility includes 28 units: 20 one-room apartments and 8 studios, equipped with an elevator, balconies and covered parking; the land area is 1053 m2. The property was built in 2003. The building is registered to the company. The facility is located within walking distance from the European University Cyprus, there is a gym, cafes and restaurants nearby. The property is fully occupied by EUC students, providing a stable annual income of about €200,000; tenants enter into annual agreements at rates of €630/month for a 1-bedroom and €420/month for a studio. The management is carried out by a turnkey management company. ROI — 5.8%.