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Apartment with a yield of 7.6% in Koukaki, Athens, Greece

250,000 €
3,571 € /m²
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Total area: 70 m² 1 bedroom 1 bathroom
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Features
  • Yield: 7.6%
  • Operating Incomе: 19,000 €
  • Notary (state registration): 1.5%
  • Acquisition tax: 3.09%
  • Total rooms: 2
  • Balcony or terrace
  • Internet
  • TV
  • Furnished

An apartment for rent in the center of Athens.

Description

An apartment on the 4th floor with a balcony.

Interior

The apartment includes:

  • 1 bedroom (with 2 single beds)
  • living room (with sofa bed)
  • open plan kitchen (with dining area)
  • bathroom (with shower)

The apartment is decorated in shades of green and furnished with antique and modern furniture, there is parquet on the floor.

Equipment

  • Wi-Fi
  • air conditioning
  • television
  • fridge
  • oven
  • microwave
  • washer
  • solar panels (to save electricity)

Financial performance

The absolute annual income is 19,000 €.

The current yield is 7,6%.

Transaction costs

Notary — 1,5%.

Acquisition tax is 3,09%.

Legal services — 1.5% + 24% VAT.

The cost of ownership

The cost of the management company — 15%.

The utilities — about 1800 euros per year.

Location

The apartment is located in one of the most prestigious and expensive areas of Athens — Koukaki, in the city center.

The distance to the metro is 300 meters, to the New Acropolis Museum — 700 meters, to the Filopappou Monument — 600 meters, to Syntagma Square — 1.5 km, to the Eleftherios Venizelos International Athens Airport — 20 km.

Koukaki — a popular tourist destination near the Acropolis, is named Airbnb as one of the 10 most promising areas in the world for short-term rentals.

There are many hotels, bars and restaurants here.

The area is served by Line 2 (red line) of the Athens metro with the station ”Singru-Fix. “

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Ekaterina Matsyuk
Ekaterina Matsyuk
Real Estate Expert Tranio in Athens
+44 17 4822 0039
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