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Penthouse with two balconies and a yield of 13.7%, Athens, Greece

95,000 €
3,392 € /m²
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Total area: 28 m² 1 bedroom 1 bathroom
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Features
  • Yield: 13.7%
  • Operating Incomе: 13,000 €
  • Built in 1976
  • Most recent total renovation: 2018
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Balcony or terrace
  • Internet
  • TV

An apartment for rent on the sixth floor.

Description

The building in which the apartment is located was built in 1976.

The apartment was renovated in February 2018.

The area of the apartment is 28 m², and the area of the balconies is 40 m².

Interior

The apartment includes a living room, a bedroom, a kitchen, a bathroom and two balconies.

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 13.7%. 

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 apartment is located in the South Patissia area, in a 5-minute walk from the metro station Attiki. There are the shops, a shopping center, a supermarket, pharmacies, a paid parking nearby.

The distance to the Acropolis is 4 km.

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Elena Chernyshyeva
Elena Chernyshyeva
Real Estate Expert Tranio in Athens
+44 17 4822 0039
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