RED TOWER in Sofia

Name: Sales in RED TOWER started!
Start: 2021-03-10T08:18:18.543461+00:00
End: 2023-12-31T23:59:59+0000
Location: RED TOWER

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Project info

Object ID: 11453

Finished at	March 2021
Price, m²	From 1250$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	14
Apartments	90
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Princess Marie Louise 6 min Opalchenska 8 min Central Railway Station 9 min Lavov most 12 min Serdika 13 min Konstantin Velichkov 17 min Khan Kubrat 17 min National Palace of Culture (NDK) 20 min Medical University 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

75,000$

Net profit

7,229$

Payback period

7.9 years

Avg property value increase per year

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About the project

Luxury residential building in the center of Sofia RED TOWER is situated on the corner of Opalchenska Street and Kozloduy Street, the building contains 14 floors with a total of 90 apartments and a basement. The pedestrian approaches to the building are provided by Opalchenska Street and Kozloduy Street. On both sides are the entrances to the open parking lot and the car elevator leading to the basement.

The complex is located in a quiet but communicative place in the central part of Sofia, close to schools, shops and transport links. The buildings have a luxurious and modern look, given by the design combination of etalbond, stone and exterior plaster.