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Three-bedroom renovated apartment in the city center with 11,9% yield, Athens, Greece

210,000 €
2,234 € /m²
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Total area: 94 m² 3 bedrooms 1 bathroom
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Features
  • Yield: 11.9%
  • Operating Incomе: 25,000 €
  • 4 floor
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Total rooms: 4
  • Balcony or terrace
  • Car parks

Sold! 

Information in this listing is for informational purposes only. Please leave a request, we will send the current object with the same parameters.

Spacious apartment for rent.

Description

The apartment of 94 m² with a terrace on the third floor of the building with an elevator.

The property includes brand-new furniture, kitchen and kitchen appliances.

Interior

The apartment includes a living room with a big sofa bed, a kitchen, a bathroom and three bedrooms (all with double bed).

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 25,000 €.

The current yield of 11.9%. 

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,700 €.

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

Location and nearby objects

The property is located in the center of Athens, in the developing residential area of Koukaki, with access to all modes of transport and in a 7 minute-walk from the nearest metro station. The district is situated in a 10 minute-walk from the Acropolis, the Airbnb called this area one of the 7 most promising areas in the world for short term rentals.

There are ATMs, a restaurant, coffee shops, a supermarket, a pharmacy in a walking distance from the building.

Private parking is in 3-minutes walk from the building. Free parking is available on the street.

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Ekaterina Matsyuk
Ekaterina Matsyuk
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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