Renovated apartments with with guaranteed return

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Greece, Athens
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66 m²
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2 Bedrooms
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2 Baths
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ID GRC232099

from €250,000

66 m²
Property sold
This property is sold, but we will help you find another one
Elena Kozyrevaexpert of the Greece residence permit program for investment
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Greece Golden Visa

€250,000+6 months

Real estate is eligible to participate in the program and obtain a residence permit in Greece.

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Cost

Property cost

from €250,000

Distances

Sea 1 km
Infrastructure 500 m
Airport 47 km

Yield and management

Yield

4.3-6.4%

Property management

Yes

We will help you sell the object if you decide to exit the investment

Description

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.

Real estate

Object type

Apartments

Object category

Renovation

Object stage

Ready

Permits

Yes

Design features

Ownership

Characteristics

Total area

66 m²

Bedrooms

2

Baths

2

Parking

No

Renovation

Standard

View

City

Equipment

Central conditioning

Properties

Elevator
Balcony
Garden on the plot
Internet
TV

Location