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Apartment with a yield of 11,7%, Athens, Greece

120,000 €
1,764 € /m²
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Total area: 68 m² 2 bedrooms 1 bathroom
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Features
  • Yield: 11.7%
  • Operating Incomе: 14,000 €
  • Built in 1977
  • 5-floor building
  • 4 floor
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

An apartment for rent on the third floor.

Description

The building in which the apartment is located was built in 1977.

Interior

The apartment includes two bedrooms, a living room, a kitchen, a bathroom and a large terrace of 30 m².

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 14,000 €.

The projected yield of 11.7%. 

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

Location and nearby objects

The apartment is located in the Metaxourgio district, which gradually acquires a reputation as an area of artists and hipsters thanks to the many galleries, museums, trendy restaurants and cafes.

The center of Athens and picturesque/historic places such as the Acropolis, Plaka, Monastiraki, Psiri, Gazi, Syntagma, Omonia, Exarhia, can be reached on foot. Also, there is the National Archaeological Museum and the Acropolis Museum, The Stanley Hotel and Wyndham Grand Athens Hotel nearby.

The distance to the nearest Metaxourgio metro station is 100 m, and the distance to the Acropolis is 1.9 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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Vitaly Fedjanin
Vitaly Fedjanin
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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