Eleven Residence in Brasov

Name: Sales in Eleven Residence started!
Start: 2019-12-30T11:44:45.666675+00:00
End: 2023-12-31T23:59:59+0000
Location: Eleven Residence

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Project info

Object ID: 3241

Finished at	June 2020
Price, m²	From 1450$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	—
Apartments	52
Building phase	Carcase finished
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Near school Near kindergarten Near supermarket
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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

87,000$

Net profit

7,229$

Payback period

9.2 years

Avg property value increase per year

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About the project

The residential complex Eleven Residence is located on 13 Decembrie street, in Brașov, in the Coresi shopping area, about 10 minutes away from the city center. In the immediate vicinity is located Coresi Mall. The complex has easy access to the bus station.

The block is constructed of two parts: one for offices, the first and second floors; another one for houses, the third and eleventh floor, comprising 49 housing units, consisting of studios, two-, three- and four-bedroom apartments respectively. The whole is built on frames, and the masonry is made of double brick. The thermal insulation is made of basaltic wool. The windows are of 5-room windows and machined plaster. The assembly is equipped with all the utilities: water, electricity, natural gas, sewerage, internet, television.

The Eleven Residence complex benefits from elevators, basements and underground parking spaces.

The payment methods are: real estate loan, First Home loan, mortgage loan.