Almast Residence in Yerevan

Name: Sales in Almast Residence started!
Start: 2022-08-10T11:37:23.073205+00:00
End: 2023-12-31T23:59:59+0000
Location: Almast Residence

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Project info

Object ID: 21652

Finished at	December 2022
Price, m²	From 1500$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 40.00 m²
Floors	16
Apartments	426
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking 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

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

60,000$

Net profit

5,883$

Payback period

7.4 years

Avg property value increase per year

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About the project

№1 Developer in Yerevan "Elite Group" presents its new project "Almast Residence".

"Elite Group" for the first time presents comfort class apartments. The "Almast Residence" project is a complex consisting of 6 residential buildings and 1 commercial building in Zeytun, at the intersection of Eminescu and Rubinyants streets.

The buildings will have 12, 14, 16 floors. There are 426 apartments in total, ranging from 40 sq.m. from 145 sq.m.

There will be a multifunctional playground on the site. There are 460 parking spaces in the parking lot, which are located on 4 underground floors.