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Newly renovated apartments with a yield of 6.7%, Athens, Greece.

179,000 €
3,196 € /m²
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Total area: 56 m² 1 bedroom 1 bathroom
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Features
  • Yield: 6.7%
  • Operating Incomе: 12,000 €
  • 2 floor
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Total rooms: 2
  • Internet
  • TV

Spacious apartment of 56 m² on the second 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
  • washing machine

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 12,000 euros.

The projected yield is 6.7%.

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,000 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 area of Likabettus, near the hill Likabettus. The hill is famous for its Byzantine church of St. George.

Nearby there are restaurants, cafes, shops.

We can help you get a Gold Visa (permit without tax residence) when buying a property worth €250,000 or more.

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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Vitaly Fedjanin
Vitaly Fedjanin
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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