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Newly renovated one-bedroom apartment with 11,9% yield, Athens, Greece

126,000 €
1,968 € /m²
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Total area: 64 m² 1 bedroom 1 bathroom
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Features
  • Yield: 11.9%
  • Operating Incomе: 15,000 €
  • 1 floor
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Total rooms: 2
  • Balcony or terrace

Sold! 

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

Apartment for rent.

Description

Cozy apartment of 64 m² with a terrace on the ground floor of a building.

Interior

The apartment includes a kitchen, a living room, a bedroom and a bathroom.

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 15,000 €.

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 1,500 euros.

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

Location

The property is located in Nea Smirni, about 5 km south-west of the center of Athens and from Kifissias Avenue.

There are supermarkets, a park and public transport stops near the building.

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