Complex of 5 houses for sale in Ierapetra with sea view

Plot Area: 3740 m²

Building Area: 214 m²

Price: 400,000€

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Property Description

A complex of five residences with a total area of 214 m², situated on a 3,740.73 m² plot, is available for sale in the Ierapetra area of Crete. Built in 1980, the property is located just 220 meters from the sea and 95 km from the International Airport of Heraklion. One of the apartments, measuring 40 m², was fully renovated in 2017 and features high-quality aluminum window frames, A+ air-conditioning units, and a solar water heater, while the remaining four apartments require renovation. Each residence consists of a kitchen, two bedrooms, and one bathroom. The property has two frontages, with the southern side facing the main road and the northern side bordering a local road. The outdoor area features approximately 70-75 olive trees and pine trees, while the amphitheatrical layout of the property offers excellent locations for the construction of swimming pools and barbecue areas, as well as spacious parking areas. Should the new owner wish to do so, there is also the possibility of combining all five residences, or fewer of them, into larger residential units. Its peaceful location, combined with the beautiful sea views, makes this property an attractive investment opportunity, offering multiple possibilities for development and utilization.

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