For sale apartment of 48 sq.meters in Athens. The apartment is situated on the 4th floor. It consists of one bedroom, living room, one kitchen, one bathroom. Flat has front layout. A view of the city opens up from the windows. There is heating. Building has a lift. We offer for sale an investment project of Grekodom Development Mouzenidis Group The project will be accompanied and guaranteed before its completion by turnkey company Grekodom Development The flat is located in Metaksourgeio area, 300m far from the famous square of Karaiskaki The neighborhood is located on the Northern-Western side from the historical center of Athens, between Kolonos to the east andKerameikosto the west, and north ofGazi. Metaxourgeio has been built by the architect Christian Hansen. It took its name from the silk manufacture factories that were located in this area until 1875. (Metaksimeans silk in the Greek language). In the middle of last century when the city of Athens, start its fast development, the Meatksourgeio area has become the heart of cultural and commercial of the capital. The convenientlocation of the buildingand easy accessto the center of the city suitperfectly for the living or rental. The property has been fully renovated in 2018, as per the latest technologies, using the newest materials! As per the request of the owner, the internal interior has been made in an English style the layout has been changed, new electrical wiring, hydraulics and the sanitary fixtures were installed, all windows were replaced with double-glazed windows, equipped with the new thermal insulation technology all the necessary bathroom fixtures were installed in the bathrooms. The tax transition is 3.09% The property as an investment opportunity canbringto the owner high and stable income from the rental. More detailed : investment amount : 80.000+ expenses = 87.200 euros yearly occupancy : 70% ADR : from 50 euros per day yearly income : 12.775 euros yearly expenses : 3.833 euros clear income after taxes : 8.942 euros