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Hanover Midtown in Atlanta

Name: Hanover Midtown
Brand: Hanover Company
SKU: 7972
Availability: InStock

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Project info

Object ID: 7972

Finished at	February 2019
Price, m²	From 2050$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 59.00 m²
Floors	29
Apartments	342
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Pool 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

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

120,950$

Net profit

7,229$

Payback period

12.7 years

Avg property value increase per year

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About the project

Rejuvenate in your new urban oasis in the center of convenient Midtown Atlanta. Hanover Company’s latest luxury residential community, Hanover Midtown, is located in the heart of Midtown. Midtown is the city’s most walkable district, allowing you to browse chic boutique clothing stores, vintage apparel and accessories, eclectic art galleries, modern furniture, bookstores, and gourmet foodie fare. Soon you can come home and enjoy the spectacular amenities at Hanover Midtown, such as a lush landscaped courtyard with a resort-style pool, firepit area, outdoor grilling, and cabana seating. Our spacious apartments will offer the very best in comfort and exquisite detailing, including airy ceilings, gourmet kitchens with granite countertops and frameless cabinets, and spa-inspired bathrooms and oversized soaking tubs. Relax at home or bask in nature’s splendor at nearby Piedmont Park with its 189 acres of green space and its many sport fields, fishing pier, biking and running trails, and much more. Hanover Midtown is conveniently set near Midtown Mile, Georgia Tech, Tech Square, as well as being within walking distance of Marta stations on 10th Street and Peachtree, offering a seamless and easy commute.

Developer

Hanover Company, located in Houston, Texas, stands among the most active private real estate companies in the United States, specializing in…
Details about Hanover Company