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Renovated apartment with a yield of 14.8%, Athens, Greece

168,000 €
1,866 € /m²
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Total area: 90 m² 3 bedrooms 1 bathroom
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Features
  • Yield: 14.8%
  • Operating Incomе: 25,000 €
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

Apartment for rent on the first floor.

Description

The apartment is fully renovated.

Interior

The apartment includes three bedrooms, a living room with a sofa, a bathroom, a kitchen and a terrace.

Equipment

  • equipped kitchen
  • TV
  • air conditioning system
  • Wi-Fi

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

Projected annual income is 25,000 €.

The projected yield of 14.8%. 

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

Location and nearby objects

The property is located in the center of the city, in the Petralona area — it is one of the oldest and most beautiful areas of Athens. A supermarket, a bank, shops, cafes and public transport stops are situated in a walking distance from the apartment.

The nearest metro station is 23 meters away, and the Acropolis is 1.8 km away.

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

More properties

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

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Enquire about this buy-to-let apartment
Inna Klimaeva
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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    • Residence permit support
    • Mortgage rates from 3.5%