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Newly renovated apartment with a yield of 9.5%, Athens, Greece.

189,000 €
2,100 € /m²
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Total area: 90 m²
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Features
  • Yield: 9.5%
  • Operating Incomе: 18,000 €
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Balcony or terrace

Аpartment for rent.

Description

Spacious apartment of 90 m².

Interior

The apartment include a kitchen, a living room, two bedrooms 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

The absolute annual income is 18,000 €.

Current yield is 3.5%.

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,300 euros.

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

Location

The apartment is located on the square near the metro Attiki. There is a network of bus and railway transport in the area.

There is the National Archaeological Museum nearby.

The airport is 22 km away.

The distance to the center of Athens is 3 km.

More properties

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

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Ekaterina Matsyuk
Ekaterina Matsyuk
Real Estate Expert Tranio in Athens
+44 17 4822 0039
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