Renovated apartments with with guaranteed return

A package of 2 studios renovated in 2022 is offered for sale.

• Studio 35 sq.m. worth €175,000 is located in the coastal area of Athens Piraeus. The apartment has access to the garden in front and behind. A very attractive option for city travelers. Worked for 1 year at Airbnb. The yield is 4.7% per year.
• Studio 31 sq.m. worth €75,000 is located in the western suburbs of Athens Koridallos. The apartment has a large garden, plenty of storage space and a spacious bedroom. An urban design studio for young professionals in the heart of Athens. The yield is 6.4% per year.

All objects already have a management contract and are leased out. The investor can keep the same management company or change it to another company or manage it independently. The management company works on % of the generated income. For short term rentals (Airbnb/Booking) it is 20% and for long term rentals it is 10%. The customer pays the service fees. The only obligatory payments are the general bills for the building, which are distributed among all the owners of apartments in the building. Average total bills for each property are 6-15€ per month. The management fee is based on rental income. If the rent is lower than the current one, the management fee will also be lower. 

This object is applicable for 250 000€ investment option.