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Newly renovated apartments with a yield of 11.4%, Athens, Greece.

131,000 €
2,471 € /m²
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Total area: 53 m² 1 bedroom 1 bathroom
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Features
  • Yield: 11.4%
  • Operating Incomе: 15,000 €
  • 1 floor
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Total rooms: 2
  • Internet
  • TV

Spacious apartment of 53 m² on the ground floor.

Interior

The apartments include a kitchen, a living room, a bedroom and a bathroom.

Equipment

  • central heating system or electric heater
  • TV
  • air conditioning system
  • Wi-Fi
  • hot water

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

The projected annual income is 15,000 euros.

The projected yield is 11.4%.

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,300 euros.

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

Location

The apartment is located in Koukaki, a residential area in 10 — minute walk from the Acropolis.

Kukaki is one of the seven most promising regions in the world for short-term leases.

Nearby there are ATMs, restaurants, cafes, supermarkets.

More properties

If this property wasn’t for you, take a look at other buy-to-let apartments for sale in Greece.

You can see more buy-to-let apartments for sale in Athens elsewhere on our website.

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Inna Klimaeva
Inna Klimaeva
Real Estate Expert Tranio in Athens
+44 17 4822 0039
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