Magnolia in Sofia

Name: Sales in Magnolia started!
Start: 2021-03-12T08:01:08.568523+00:00
End: 2023-12-31T23:59:59+0000
Location: Magnolia

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Property for sale in Magnolia — look at the real estate search engine GEOLN.COM. Photo 1

Property for sale in Magnolia — look at the real estate search engine GEOLN.COM. Photo 2

Property for sale in Magnolia — look at the real estate search engine GEOLN.COM. Photo 3

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Project info

Object ID: 11519

Finished at	March 2021
Price, m²	From 1350$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 90.00 m²
Floors	6
Apartments	62
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

121,500$

Net profit

9,376$

Payback period

10.3 years

Avg property value increase per year

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About the project

“Magnolia” is the name of the complex, which is offering to its residents a chance to escape from the busy and dynamic metropolis and move to an environment, that provides extremely high quality of living and harmony with the nature in the foot of Vitosha. It’s a five-floors building in Sofia with two entrances, oriented to “Daskal Stoyan Popandreev” Str. The total built area of the complex is 6623.18 sq.m. and has 30 apartments, 62 (56 single and 6 double) underground parking lots.