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New apartment with 8.5% yield, Athens, Greece

189,000 €
2,589 € /m²
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Total area: 73 m² 2 bedrooms 1 bathroom
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Features
  • Yield: 8.5%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Total rooms: 3
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

Apartment for rent on the fifth floor.

Description

The area of the apartment is 73 m².

Interior

The apartment includes a living room with a sofa bed, two bedrooms, a bathroom, a kitchen.

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 8.5%.

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

Annual utility payments are 1,400 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 a safe area in 550 meters from the metro station Attiki.

There are supermarkets, a shopping center, public transport stops, a car rental, a bank and a pharmacy in a walking distance from the property.

The distance to the Acropolis is 3.4 km.

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Enquire about this buy-to-let apartment
Ekaterina Matsyuk
Ekaterina Matsyuk
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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    • Residence permit support
    • Mortgage rates from 3.5%