Athena Residence in Mersin

Name: Sales in Athena Residence started!
Start: 2020-03-31T12:16:01.969203+00:00
End: 2023-12-31T23:59:59+0000
Location: Athena Residence

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Project info

Object ID: 6307

Finished at	December 2019
Price, m²	From 700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 62.00 m²
Floors	20
Apartments	174
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

43,400$

Net profit

7,813$

Payback period

4.3 years

Avg property value increase per year

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About the project

Life begins in the Athena Residence project, which was launched in Erdemli, the most valuable summer resort in Mersin. Construction continues in the 650-bed hotel section of Athena Residence, the most luxurious and comfortable project of the region. The apartments in the project have sea views from the first floor. Offering the opportunity to experience different tones of a magnificent nature in the comfort of a luxurious hotel, Athena Residence has a private bay with refreshing tangerine and lemon scents. The project also offers a 24-month rental guarantee.

Athena Residence project, which is located right across Sultan Bay, is 70 meters from Ayaş Beach, 3 kilometers from Elaiussa-Sebaste Ancient City and 5 kilometers from Kızkalesi center.

Athena Residence also attracts attention with its common living spaces where children can play safely and families can spend time peacefully. The project includes social facilities such as aqua park, gymnasium, movie theaters and eating and drinking areas. When the hotel, which is included in the project, which also offers 24/7 reception and security services, is completed, Athena Residence owners will be able to benefit privately from the hotel.