MELODY RESIDENCE in Sofia

Name: Sales in MELODY RESIDENCE started!
Start: 2021-03-15T07:49:37.863678+00:00
End: 2023-12-31T23:59:59+0000
Location: MELODY RESIDENCE

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Project info

Object ID: 11550

Finished at	March 2021
Price, m²	From 1100$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 60.00 m²
Floors	6
Apartments	15
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Ovcha Kupel 11 min Tsar Boris III Blvd - Krasno selo 11 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

66,000$

Net profit

7,229$

Payback period

7.0 years

Avg property value increase per year

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About the project

MELODY RESIDENCE has an architecture in harmony with the environment and is based on a modern and sustainable vision.

The construction of the building is planned to be monolithic-skeletal, reinforced concrete, calculated on an earthquake according to the latest European standards. The external walls are with ceramic blocks "Wineberger", with a thickness of 25 cm and external insulation of 10 cm, according to the new thermal requirements. There are 6 residential floors, and on the ground floor there are 4 apartments with their own yard.

In the basement there are 16 pieces. parking spaces and basements to each apartment.

Developer

THE BEGINNING MIK-M Ltd. is a limited liability company whose subject of activity is the construction of residential and office buildings. …
Details about MIK-M