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Renovated apartment with a yield of 6.5%, Athens, Greece

80,000 €
1,600 € /m²
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Total area: 50 m² 1 bedroom 1 bathroom
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Features
  • Yield: 6.5%
  • Operating Incomе: 5,160 €
  • Notary (state registration): 1.2%
  • Acquisition tax: 3.09%
  • Broker: 2.0%

An apartment for rent on the basement floor.

Description

The area of the apartment is 50 m².

The apartment has its own patio.

Interior

The apartment comprises a living room, a bedroom, a kitchen and a bathroom.

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

The absolute annual income is 5,160 euros.

The current yield is 6.5%.

Tenants

The management company offers a guaranteed lease agreement.

Transaction costs

Notary — 1,2%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

Brokerage fee is 2%.

The cost of ownership

The management company covers all current expenses, except for tax payments.

Location and nearby objects

The apartment is located in the area of Exarchia. It is a densely populated, residential area in the center of the city with numerous retail shops.

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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    • 0% commission to Tranio
    • Residence permit support
    • Mortgage rates from 3.5%