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Apartment with a view of the sea coast, yield of 7%, Athens, Greece

273,000 €
2,373 € /m²
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Total area: 115 m² 1 bedroom 1 bathroom
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Features
  • Yield: 7.0%
  • Operating Incomе: 18,200 €
  • 1 floor
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Balcony or terrace

Apartment for rent.

Description

The apartment is situated on the first floor of the building.

The area of the property is 115.4 m².

Interior

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

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 18,200 euros.

The current yield of 7%.

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 and nearby objects

The apartment is located in the Alimos area. This is a prestigious coastal area with sandy beaches, numerous restaurants, bars and parks.

There are public transport stops, a yacht club, banks and a theater in a walking distance from the property.

The distance to the center of Athens is 12 km, and to the international airport — 30 km.

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Enquire about this buy-to-let apartment
Inna Klimaeva
Inna Klimaeva
Real Estate Expert Tranio in Alimos
+44 17 4822 0039
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