Complex Petru Rares Residence 1259 in Bucharest

Name: Complex Petru Rares Residence 1259
Brand: ICD
SKU: 3160
Availability: InStock

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Project info

Object ID: 3160

Finished at	December 2019
Price, m²	From 1780$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 46.00 m²
Floors	—
Apartments	177
Building phase	Carcase finished
Condition	Black walls
Construction type	Brick
Security	CCTV Security
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Basarab 3 min Gara de/Nord 3 min Gara de Nord 3 min Grozăvești 14 min Eroilor 15 min Piața Victoriei 16 min Grivita 18 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

81,880$

Net profit

6,783$

Payback period

9.1 years

Avg property value increase per year

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About the project

The residential building Petru Rareș Residence is located on Petru Rareș street, no. 5-9, in Bucharest. In the immediate vicinity is Victoriei Square, the means of public transport are at hand, which connect with any area in the capital, but also outside the city. We have near the subway station, tram, bus, but also the Gara de Nord. This is an intimate area, being the most sought after area in Bucharest, as close to Victoriei Square, Antipa Museum, National Geology Museum, Kiseleff Park. The complex is composed of 96 apartments, consisting of studios, apartments with 2, 3 and 4 rooms respectively, with terraces and generous gardens.