Apartment for sale Papafi - Agios Fanourios (Toumpa), € 190,000, 90 m²

For Sale: 84 sq.m. Apartment with Potential to Split into Two Separate Units – Papafi Area

A bright, dual-aspect apartment of approximately 84 sq.m. net internal area, located on the 2nd floor of a residential building in a prime location in the Papafi area of Thessaloniki.

The apartment features a functional layout comprising three bedrooms, a living room, a kitchen, a hallway and a bathroom. The front-facing side overlooks a green area belonging to the former YFANET industrial complex, offering an open view and a pleasant living environment.

One of the property’s key advantages is the potential to divide it into two independent residential units, thanks to its existing layout and the central positioning of the plumbing installations. This possibility is subject to a technical assessment and verification of the applicable licensing and building regulations. As such, the property presents an interesting investment opportunity for buyers looking to generate rental income through long-term or student accommodation.

Over the past three years, several important upgrades have been carried out, including:

* New window frames
* New kitchen cabinetry
* Individual natural gas heating system with new radiators
* New air-conditioning unit
* Solar water heater
* External thermal insulation
* New security entrance door

The apartment requires partial renovation, allowing the new owner to modernise and customise certain areas according to their preferences and investment objectives.

The location is particularly convenient, with a metro station just a 3-minute walk away, providing easy access to public transportation, the universities and Thessaloniki city centre.

This property offers considerable potential for both owner-occupation and investment, combining a spacious layout, dual-aspect orientation, existing upgrades and the possibility of an alternative floor plan.

An excellent opportunity for investors seeking flexibility, rental potential and long-term capital appreciation.