Komitas Park in Yerevan

Name: Sales in Komitas Park started!
Start: 2022-08-10T10:29:46.765303+00:00
End: 2023-12-31T23:59:59+0000
Location: Komitas Park

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Project info

Object ID: 21649

Finished at	December 2023
Price, m²	From 1185$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 63.00 m²
Floors	16
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking 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

74,655$

Net profit

7,813$

Payback period

7.4 years

Avg property value increase per year

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About the project

Construction company "Ord Development" presents a new multifunctional residential complex "Komitas Park", where you can buy apartments directly from the developer with the possibility of income tax refund. The complex is located in the middle of Tigranyan and Griboedov streets of Arabkir district, along Mamikonyants street, and is located on 53,000 square meters.

The residential complex includes:

• 12 and 16 storey buildings, 24 buildings in total

• Wide and spacious yard, free from cars and noise

• Two-storey underground parking

• 24 hour security

• Playgrounds, mini-football fields,

• Alleys and gazebos,

• Bicycle path around the area

Completion of the construction of the first stage (11 houses of the residential complex under construction), commissioning, landscaping and landscaping are scheduled for 2023. The apartments will be handed over to the buyers with a quality front door, windows, partitioned walls, plastered, leveled floors and installed quality freight elevators.