Apartment building, Athens, Greece

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Apartment building, Athens, Greece

1,500,000 €
5,555 € /m²
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  • Total area
    270 m²
  • Yield
    2.4%
Details
Property parameters
  • Total apartments: 1
  • 3-floor building
Financial performance
  • Annual income: 36,000 €
Tenants
  • Occupancy: 30%
Transaction costs
  • Acquisition tax: 3.09%

Three-storey apartment building.

Description

The area of the object is 270 m².

The building includes 3 apartments.

It is possible to purchase only an apartment on the ground floor with the cost of 500,000 euros.

Financial performance

The current annual income from renting an apartment is 7,800 euros.

The projected income after indexation and delivery of all apartments for rent is 36,000 euros.

The projected yield is 2.4%.

Tenants

At the moment, the upper floors are owned by the owner, but subsequently they can be leased.

Transaction costs

Acquisition tax is 3,09%.

Location

The property is located in the most fashionable area of one of the suburbs of Athens on the Attic Riviera with a population of more than 80 thousand people. There is an old airport not far from the building.

The distance to the center of Athens is 15 km.

More properties

If this ad doesn't suit you, have a look at the other apartment buildings for sale in Athens.

All ads in the country: apartment buildings for sale in Greece.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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