Erkel Residences in Budapest

Name: Sales in Erkel Residences started!
Start: 2022-06-13T06:35:35.472695+00:00
End: 2023-12-31T23:59:59+0000
Location: Erkel Residences

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Project info

Object ID: 20489

Finished at	December 2021
Price, m²	From 2400$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 96.00 m²
Floors	9
Apartments	78
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

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

230,400$

Net profit

9,376$

Payback period

19.6 years

Avg property value increase per year

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About the project

Erkel Residences is a 9 storey residential building, with a total of 78 flats. The main feature of the residence is, that it combines modern, contemporary style with comfort in both aesthetics and technical way. The building also has a cozy inner garden, as well as optional storage and underground garage. The Erkel street in the 9th district belongs to the lively center of Budapest, but still a quieter street, only two minutes away from Kálvin square. It is an ideal choice for those who like a vibrant life but also do not want to give up the cozy surroundings.

The number of services in the Erkel and Ráday Street and in the surrounding areas, as at Vámház körút, Kálvin Square is almost endless. The market hall, restaurants and cafes and a lot of shops await the locals. It is also a good choice for families, as everything is at your fingertips. Nurseries, playgrounds and kindergartens are available nearby or even in the Erkel street.

Developer

GEOS is a reliable international property development company group with a history of almost 15 years, which has earned many prestigious awa…
Details about GEOS