Complex Orzari 15 in Bucharest

Name: Sales in Complex Orzari 15 started!
Start: 2019-12-26T12:27:45.804986+00:00
End: 2023-12-31T23:59:59+0000
Location: Complex Orzari 15

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Project info

Object ID: 3107

Finished at	December 2020
Price, m²	From 1610$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 87.00 m²
Floors	6
Apartments	71
Building phase	Carcase finished
Condition	Black walls
Construction type	Brick
Security	Intercom
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Iancului 8 min Piața Muncii 9 min Dristor 1 17 min Dristor 2 17 min Obor 18 min Mihai Bravu 21 min Mihai/Bravu 21 min
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Personal discount certificate 300$
Free consultation	Ask a question

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

140,070$

Net profit

9,376$

Payback period

11.9 years

Avg property value increase per year

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About the project

Location Details

In the central district of Bucharest, not far from Mansia Square, on Orzari street, at number 15 is located the residential complex "Orzari 15." This area enjoys stations with lots of public transport and offers easy access to many attractions in the capital. Among the neighbors of the complex: Piania Munts, Delea Veche, Kalea Calaraschilor. Not far from the apartment building is the Mega Image Shop & Go market, this is a private Provita medical center, Focus Lab Plus medical center, there are cafes and restaurants.

The following educational organizations also operate in this area: Hyperion University, National University of Theater Arts, National College named after Mihai Vitazula, Hyperion Theoretical Secondary School, Anastasia Popescu Secondary School, Caesar Bolliak Secondary School, Caesar Bolliak Secondary School Kindergarten Little Star, and also near the Children's Laser Jungle Mania. About 30-35 minutes walk you can reach the center of the capital. Piața Muncii Metro Station is a 10-minute walk at 800 meters. The property is 5.6 km from Bucharest North Railway Station, while Henri Coanda Airport is 17.6 km and 13.3 km from Baneas Airport. Residential buildings are located in such a way that they are protected from noise and street noise.

Description, structure and general description of the complex

The residential complex "Orzari 15" consists of two residential blocks with modern aspects and with height modes with a basement plus five floors for the first block, and the second block has a basement plus six housing levels. Concrete and brick were used in construction. The outer walls of apartment buildings are qualitatively insulated and finished with external plaster. In residential buildings, external joinery with trypan glass and a PVC profile is installed. Modern and reliable elevators are installed on the stairs of the buildings. The residential complex offers tenants the opportunity to park their personal vehicles in parking lots that are provided underground. The buildings of the complex are equipped with intercoms and have access inside - are guarded. Access roads to the complex are lit and paved.

Developer

The concept arose in 2016, and since then it has launched 9 real estate complex projects in Bucharest. In addition to working as a builder, …
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