Caspian Park in Baku

Name: Sales in Caspian Park started!
Start: 2019-12-20T13:08:00.033893+00:00
End: 2023-12-31T23:59:59+0000
Location: Caspian Park

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Project info

Object ID: 2857

Finished at	March 2020
Price, m²	From 590$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 58.00 m²
Floors	16
Apartments	240
Condition	Black walls
Ceiling height	3.20 m.
Construction type	Monolyth
Elevators	2
Security	CCTV Security
Conveniences	Parking Underground parking Fitness Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Həzi Aslanov 10 min Əhmədli 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

34,220$

Net profit

7,229$

Payback period

3.6 years

Avg property value increase per year

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Promos and discounts for Caspian Park

About the project

Caspian Park residential complex in Baku offers apartments with panoramic views of the sea or the park located nearby.

Location

Construction is underway at Zykhskoye Shosse, 31a in the Khatai district of Baku. The distance to the coast is less than 500 meters, and literally across the road is a huge park area.

Surrounding Infrastructure and Transport

The area under construction of the Caspian Park residential complex has all the necessary infrastructure facilities. Near school number 63, supermarkets "Huseyn" and Bolluq, a restaurant SKY TEA CLUB and cafe Zerife.

1.5 km from the new building is the terminal station of the red line of the Asi Aslanov metro line. By your own car you can quickly go to Nobel Avenue or Ganja Avenue, with which it will not be difficult to get to any of the districts of Baku.

General information about the new building

The 16-storey building of the Caspian Park residential complex consists of three sections, the facades of which are decorated with aglay stone. The house is equipped with the most modern communications, including a water purification system.

On the improvement of the territory

The space around the house is fenced, and for the safety of residents a special security and access control system is provided. Own infrastructure of the LCD includes:

- Fitness center;

- Kindergarten;

- Playgrounds in the yard;

- Trading premises;

- Underground parking and parking spaces on site.

About apartments and purchase conditions

The layout of the apartments is very spacious. Some of them contain 2-3 bathrooms, have an impressive size of a loggia. All apartments, without exception, have very spacious halls. The ceiling height in the rooms is 3.3 meters.

Prices for the sale of apartments in the Caspian Park new building depend on the individual characteristics of the housing, as well as the view from the windows. Most expensive are apartments with a view on both sides, as well as a panoramic view of the sea. Somewhat cheaper, you can buy square meters overlooking the road and the park.

You can find out detailed conditions for the sale of apartments and the actual cost per square meter on the official website of the project. There are also photos with data on the progress of construction and news of the developer.