Residence Nievo in Venice

Name: Sales in Residence Nievo started!
Start: 2021-04-14T12:25:26.927355+00:00
End: 2023-12-31T23:59:59+0000
Location: Residence Nievo

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Project info

Object ID: 11911

Finished at	April 2021
Price, m²	From 2800$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 100.00 m²
Floors	4
Condition	Black walls
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Kids playground Near school Near supermarket
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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

280,000$

Net profit

9,376$

Payback period

23.8 years

Avg property value increase per year

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About the project

Residence Nievo is the new real estate project signed by 2M Costruzioni in the prestigious residential area of Viale Garibaldi, alongside the existing initiative of Residence Cavalletto. The residence is located in a strategic position: it can in fact be accessed from the tree-lined roundabout in Viale Garibaldi from both Via Nievo and Via Bixio.

The property features four bright apartments, arranged one per floor and therefore exposed on all sides; the large terraces of the living area are south facing and enjoy a wide and unimpeded view. The presence of a garage and a parking space for each apartment and the care of the interior finishes guarantee an exclusive value to the project and make it an exception on the residential landscape in which it is immersed.