MODERN LINE II in Sofia

Name: Sales in MODERN LINE II started!
Start: 2021-02-23T12:06:56.351152+00:00
End: 2023-12-31T23:59:59+0000
Location: MODERN LINE II

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Project info

Object ID: 11156

Finished at	February 2021
Price, m²	From 1600$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	6
Apartments	36
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Tsar Boris III Blvd - Krasno selo 13 min Ovcha Kupel 18 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

96,000$

Net profit

7,229$

Payback period

10.1 years

Avg property value increase per year

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About the project

Boutique residential building with 21 apartments, Modern Line is located in the southwestern part of Sofia, at the foot

on Vitosha. Within walking distance are Bulgaria Blvd., Tsar Boris III Blvd. and Mall Bulgaria. The residential

the cooperative has an extremely modern vision. Maximum security provided for the residents. The building has underground garages and parking spaces, spacious storage rooms in accordance with the number of apartments.

Developer

Beso Homes Investment Group specializes in the overall management of the construction of residential buildings and complexes in Sofia. From …
Details about BESO HOMES