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Apartment with a yield of 10%, Athens, Greece

194,000 €
3,344 € /m²
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Total area: 58 m² 1 bedroom 1 bathroom
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Features
  • Yield: 10.0%
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Internet
  • TV

Apartment for rent on the sixth floor.

Description

The area of the apartment is 58 m²

Interior

The apartment features a living room with a sofa bed, a double bedroom, a bathroom and a kitchen with a dining area.

Equipment

  • Wi-Fi
  • air conditioning system
  • equipped kitchen
  • TV
  • central heating or heater
  • hot water
  • elevator

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 is 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 the area of Psyri, in the historical center of Athens inside the Syntagma — Omonia — Monastiraki triangleю It is the central squares of Athens, where many of the city's main attractions are located.

There are ATMs, restaurants, coffee shops, supermarkets, a cafe, a covered car park, a post office, a medical center and historical monuments in the immediate vicinity.

The distance to Omonia metro station is 100 m, to the Town Hall bus stop — 120 m, and to the Acropolis — 3.3 km (13 minutes by car) or 1.6 km (22 minutes on foot).

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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Vitaly Fedjanin
Vitaly Fedjanin
Real Estate Expert Tranio in Athens
+44 20 3608 1267
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