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Apartment with a yield of 10%, Athens, Greece

116,000 €
2,188 € /m²
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Total area: 53 m² 1 bedroom 1 bathroom
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Features
  • Yield: 10.0%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Total rooms: 2
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

Apartment for rent on the fifth floor.

Description

The area of the apartment is 53 m².

Interior

The apartment includes a living room with a sofa bed, a double bedroom, a bathroom, a kitchen and a balcony.

Equipment

  • Wi-Fi
  • air conditioning system
  • equipped kitchen
  • TV

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 projected yield of 10%.

Transaction costs

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 Acharnon, one of the oldest quarters of the city in the historical center of Athens, where the main railway station is located. 

There is a park, supermarkets, public transport stops, cafes and restaurants, public parking and the National Archaeological Museum in a walking distance from the property. 

The distance to the metro station Victoria is 600 m, to the metro station Larisis — 650 m, and to the Acropolis — 2.4 km.

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Enquire about this buy-to-let apartment
Inna Klimaeva
Inna Klimaeva
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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