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Penthouse with a yield of 17,3%, Athens, Greece

75,000 €
1,973 € /m²
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Total area: 38 m² 1 bathroom
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Features
  • Yield: 17.3%
  • Operating Incomе: 13,000 €
  • Built in 1971
  • Most recent total renovation: 2017
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Balcony or terrace
  • Internet
  • TV

Sold!

Information in this listing is for informational purposes only. Please leave a request, we will send the current object with the same parameters.

An apartment for rent on the seventh floor.

Description

The building in which the apartment is located was built in 1971.

The apartment was renovated in 2017.

The area of the apartment is 38 m² (interior) and 96 m² (with terrace).

Interior

The apartment includes a living room, a kitchen, a bathroom and a large terrace.

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 13,000 €.

The projected yield of 17.3%. 

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Management costs are 30% of rental revenue. The manager will take over all the expenses on this 30% percentage.

Location and nearby objects

The property is located in the center of Athens in close proximity to the Agios Nikolaos metro station. In this area there are many shops, restaurants, and cafes.

There is a bank, supermarkets, a hospital and public transport stops in a walking distance from the building.

The nearest metro station Agios Nikolaos is 400 meters away, and the Acropolis is 4.5 km away.

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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Ekaterina Matsyuk
Ekaterina Matsyuk
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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