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Buy-to-let apartment with a yield of 8,4%, Athens, Greece

263,000 €
1,730 € /m²
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Total area: 152 m² 3 bedrooms 1 bathroom
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Features
  • Yield: 8.4%
  • Operating Incomе: 22,000 €
  • Built in 1980
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Total rooms: 4
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

Three-bedroom flat.

Description

The total area of the apartment is 152 m²

The flat consists of a living room, a kitchen, three bedrooms, a bathroom, a WC and two balconies.

The apartment was recently renovated.

The flat can accommodate up to nine residents.

Equipment

  • apartment is furnished
  • kitchen is equipped with modern appliances
  • wireless access to Internet
  • the building is equipped with an elevator

Advantages

  • professional management company
  • no need to do repairs and wait, the income starts coming right away
  • working rental business
  • airbnb revenue data provided by request

Financial performance

Absolute annual income is 22,000 €.

The current yield of 8,4%.

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,800 euros.

The management company fee is 25% of the annual rental revenue and includes the airbnb commission.

Location and nearby objects

The apartment is located in the central part of Athens. There are public transport stops, a Metro station and sights of the city situated within few minutes of walking from the property.

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Enquire about this buy-to-let apartment
Elena Chernyshyeva
Elena Chernyshyeva
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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