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Renovated apartment with a yield of 9,3%, Athens, Greece

79,000 €
2,633 € /m²
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Total area: 30 m² 1 bedroom 1 bathroom
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Features
  • Yield: 9.3%
  • Operating Incomе: 7,300 €
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

Studio apartment for rent on the basement floor.

Description

The apartment is fully renovated.

Interior

The apartment includes a bedroom with a bed and a sofa, a bathroom, a kitchen and a balkony.

Equipment

  • equipped kitchen
  • TV
  • 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 7,300 €.

The projected yield of 9,3%. 

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 800 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 Kipseli district. This is a prestigious residential area in the north of the center of Athens with pleasant restaurants and architecture.

There are public transport stops, banks, and a supermarket in a walking distance from the property.

The distance to the Acropolis is 4.5 km.

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

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Enquire about this buy-to-let apartment
Vitaly Fedjanin
Vitaly Fedjanin
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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