Kaunas Couple Transforms 90 sqm Space into 3 Rental Apartments, Doubling Property Value

In a savvy move that has revitalized a section of Kaunas city center, local entrepreneurs Miglė and Lukas Bernotai have masterfully converted two 90-square-meter properties into six distinct, functional apartments.

This ambitious project saw the couple meticulously plan and execute the division of each large space into three separate units. Their foresight and dedication have not only created much-needed rental housing but also proven to be a highly lucrative venture. One of the transformed properties was successfully sold, while the other continues to generate steady income through long-term rentals, showcasing the Bernotai's keen eye for real estate potential.

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Basically, we bought 2 identical spaces of 90 square meters each, and in each of them, we equipped, independently planned, 3 apartments.

The transformation is a testament to smart urban development, breathing new life into older spaces and significantly enhancing their market value. The reported doubling of the property's worth underscores the success of their investment and renovation strategy. This initiative highlights the potential for creative redevelopment within Lithuania's urban centers, turning underutilized spaces into valuable assets.

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One is still successfully rented out for long-term rental, and we have sold the other project, and as far as we know, the same tenants are renting, and everything is great.