MONTEVIDEO RESIDENCE in Sofia

Name: MONTEVIDEO RESIDENCE
Brand: GLOBAL CAPITAL
SKU: 11383
Availability: InStock

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Project info

Object ID: 11383

Finished at	March 2021
Price, m²	From 1000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 37.00 m²
Floors	6
Apartments	140
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Moesia - NBU 3 min Ovcha Kupel 2 9 min Gorna Banya 15 min Ovcha Kupel 17 min
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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

37,000$

Net profit

5,883$

Payback period

4.6 years

Avg property value increase per year

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About the project

"Montevideo" is a street in the capital's Ovcha Kupel district, as MONTEVIDEO RESIDENCE is named after the Uruguayan capital, and the name literally means "I see wide and far everything that can be seen." Everything can really be seen on it. New schools, new condominiums, multiple small and large shops and fast food restaurants. Here are the New Bulgarian University, VFU Lyuben Karavelov, the Frankfon Institute and several high schools. The Italian Lyceum is also nearby. Montevideo residence is next to the New Bulgarian University. Proximity to the ring road provides very good communication access. Although it is 6 km from the ideal center of Sofia, the proximity of the neighborhood to the mountains, easy access, clean air and renewed infrastructure make it one of the most desirable. Numerous buses pass through the neighborhood and the fastest and most environmentally friendly transport is being built, the Sofia metro, with which the access to the center will be only 10 minutes.

Developer

Global Capital Trading Ltd. is part of a holding structure specializing in the implementation and management of investment projects. The com…
Details about GLOBAL CAPITAL