Apartment for rent.
The apartment is fully renovated.
The apartment includes a living room, a bedroom, a bathroom, a kitchen and a balcony.
- 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
Projected annual income is 12,560 €.
The projected yield of 6,6%.
Notary — 1,5%.
Acquisition tax is 3,09%.
Legal services — 1.5% + 24% VAT.
The cost of ownership
Annual utility payments are 1,200 euros.
The management company fee is 25% of the annual rental revenue and includes the airbnb commission.
Location and nearby objects
The apartment is located in the area of Pangrati, one of the safest districts of Athens. The gates of the area are the extended stadium Panathinaikos, built for the first modern Olympic Games in 1896. Here you can find small public gardens, busy roads, and ordinary residential streets. In addition to the common for Athens 4–6 floor-buildings, in Pangrati you can also find the authentic taverns and the eccentric modern bars.