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Newly renovated apartments with a yield of 12.4%, Athens, Greece

64,000 €
1,391 € /m²
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Total area: 46 m² 1 bedroom 1 bathroom
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Features
  • Yield: 12.4%
  • Operating Incomе: 7,950 €
  • Built in 1980
  • 5-floor building
  • 5 floor
  • Most recent total renovation: 2017
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Total rooms: 1
  • Balcony or terrace
  • Internet
  • TV
  • Furnished
  • Car parks

Spacious apartment of 29 m² with a large terrace of 17 m² and a balcony.

Interior

The apartments include a fitted kitchen, a bedroom, a bathroom, а WC.

Equipment

  • central heating system or electric heater
  • TV
  • air conditioning system
  • Wi-Fi
  • hot water
  • elevator
  • microwave
  • fridge
  • fire alarm system
  • carbon monoxide detector
  • fire extinguisher

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 7,950 euros.

The projected yield is 12.4%.

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,000 euros.

The management company fee is 30% of the annual rental revenue and includes the airbnb commission.

Location and nearby objects

The apartment is located in close proximity to the center of Athens in a bright and multicultural area.

There are shops, restaurants, cafes, bars, bakeries, pharmacies, ATMs nearby.

The apartment is situated in a 4-minute walk from Agios Nikolaos metro station.

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