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Apartment with a yield of 15,1%, Athens, Greece

70,000 €
1,750 € /m²
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Total area: 40 m² 1 bathroom
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Features
  • Yield: 15.1%
  • Operating Incomе: 10,600 €
  • 3 floor
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Total rooms: 1
  • Internet
  • TV

A studio apartment for rent.

Description

The apartment is located on the second floor.

Interior

The apartment includes a living room combined with a kitchen and a bathroom.

Equipment

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

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 10,600 €.

The projected yield of 15.1%. 

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

Location and nearby objects

The apartment is located in a 7-minute walk from Ambelokipi metro station. There is a football stadium named Apostolos Nikolaidis, the city court and several hospitals nearby. 

The apartment can be rented to ordinary tourists and those who come to court or to hospitals for treatment. 

The main square of Syntagma is just 3 metro stations away. 

The distance to the Acropolis is 4.2 km.

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Elena Chernyshyeva
Elena Chernyshyeva
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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