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Apartment with a yield of 12.2%, Athens, Greece

105,000 €
1,909 € /m²
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Total area: 55 m² 1 bedroom 1 bathroom
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Features
  • Yield: 12.2%
  • Operating Incomе: 12,775 €
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

An apartment for rent on the second floor.

Description

The area of the apartment is 55 m². 

The apartment is fully renovated.

Interior

The apartment includes a living room, a bedroom, a kitchen combined with a dining room, a bathroom, and a balcony.

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 12,775 €.

The projected yield of 12.2%. 

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Management costs are 25% of rental revenue.

Location and nearby objects

The apartment is located in 350 meters from the metro station Attica. There are public transport stops, a supermarket, a pharmacy, banks and a children's entertainment center nearby. 

The distance to the Acropolis is 4 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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