Spacious apartment of 57 m² on the ground floor.
The apartments include a kitchen, a living room, a bedroom and a bathroom.
- central heating system or electric heater
- cable TV
- air conditioning system
- hot water
- fire alarm
- 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
The projected annual income is 18,000 euros.
The projected yield is 8.6%.
Notary — 1,5% + 24% VAT.
Acquisition tax is 3,09%.
Legal services — 1.5% + 24% VAT.
The cost of ownership
Annual utility payments are 1,700 euros.
The management company fee is 25% of the annual rental revenue and includes the airbnb commission.
Location and nearby infrastructure
The apartment is located in Koukaki, a residential area in 10 minute walk from the Acropolis and the Plaka area, as well as from other important attractions such as Syntagma Square, Temple of the Olympian Zeus and Monastiraki Market.
Kukaki is one of the seven most promising regions in the world for short-term leases.
Nearby there are the metro, tram and bus stations, ATMs, restaurants, cafes, supermarkets.