Rethymno, Crete

Reference: FMTB-T774. Located in the very center of Rethymno, one of Cretes most vibrant and sought-after cities, this fully renovated four-level residential building presents an outstanding investment opportunity combining immediate rental income, long-term value appreciation, and a prime urban location. Set on a 480 sq.m. plot, the property comprises approximately 400 sq.m. of built area and consists of four independent apartments distributed across the ground floor and three upper levels. The entire building is offered for sale as a single asset, making it particularly attractive to investors seeking a ready-made income-producing property in one of Cretes strongest residential and tourism markets. The building includes: - Ground Floor Apartment - 86 sq.m. - First Floor Apartment - 133 sq.m. - Second Floor Apartment - 110 sq.m. - Third Floor Apartment - 65 sq.m. Each floor consists of a single dual-aspect apartment, providing excellent natural light, ventilation, and comfortable living spaces. A major advantage of the property is its established rental performance. The ground floor, second floor, and third floor apartments are currently leased under long-term tenancy agreements, while the first-floor apartment operates as a short-term rental accommodation. The final existing lease agreement expires at the end of 2028, ensuring stable and predictable rental income for the new owner. The building underwent extensive renovation in 2024, carried out by BCS, significantly enhancing both its functionality and long-term investment appeal. The property features autonomous heating systems, energy-efficient aluminum window frames, solar water heaters for each apartment, security doors, air conditioning, fireplaces, storage areas, and spacious verandas. Additional practical advantages include a covered enclosed parking area on the ground floor, a particularly valuable feature for a city-center property, as well as attractive western orientation and pleasant urban views. Positioned within a residential zone and within walking distance of Rethymnos commercial center, restaurants, shops, university facilities, public services, and the famous Venetian Old Town, the property benefits from year-round rental demand from both local residents and visitors. Whether maintained as a multi-unit residential investment, enhanced as a boutique accommodation project, or held as a long-term income-generating asset, this building offers an exceptional combination of location, rental security, and future growth potential. A rare opportunity to acquire a fully renovated, income-producing apartment building in the center of Rethymno, offering immediate returns and strong long-term investment potential in one of Cretes most dynamic real estate markets. PROPERTY ID: 1B-1700 Ktimatoemporiki Real Estate contact phone:, email: website: