Nairi Zaryana 74 in Yerevan

Name: Sales in Nairi Zaryana 74 started!
Start: 2022-08-11T07:17:24.983279+00:00
End: 2023-12-31T23:59:59+0000
Location: Nairi Zaryana 74

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Project info

Object ID: 21657

Finished at	May 2021
Price, m²	From 1400$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 64.00 m²
Floors	14
Apartments	276
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Underground 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

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

89,600$

Net profit

7,813$

Payback period

8.9 years

Avg property value increase per year

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About the project

The Northern Beam is one of the largest projects of the Elite Group company, which has urban significance. As a continuation of the Cascade complex, it starts at the Armenia memorial and goes up to Babayan and Zaryan streets.

This project is the embodiment of the idea of the great architect Alexander Tamanyan, the founder and creator of the first master plan of the city of Yerevan. The Northern Beam begins with a pedestrian street surrounded by the same type of three-story cottages made of Armenian tufa. At the end of this beautiful street, two huge symmetrical cascade-type buildings soar upwards, striving towards each other in a single impulse. In the future, the second stage of construction is also planned, after which the unification of Komitas Avenue and the Cascade complex into a single whole will be completed. And our capital will receive a complete architectural ensemble, which A. Tamanyan did not have time to complete in his time.