Complex Timisoara 58 in Bucharest

Name: Sales in Complex Timisoara 58 started!
Start: 2019-12-26T13:33:10.237919+00:00
End: 2023-12-31T23:59:59+0000
Location: Complex Timisoara 58

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Project info

Object ID: 3120

Finished at	March 2021
Price, m²	From 1090$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 37.00 m²
Floors	7
Apartments	613
Building phase	Carcase finished
Condition	Black walls
Construction type	Monolyth
Security	Intercom
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Valea/Ialomiței 6 min Gorjului 8 min Romancierilor 8 min Râul/Doamnei 13 min Păcii 16 min Parc Drumul/Taberei 18 min Lujerului 19 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

40,330$

Net profit

5,883$

Payback period

5.0 years

Avg property value increase per year

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About the project

a place

The residential complex "Timișoara 58 Apartments" was built in the 6th sector of Bucharest, on Timisoara Boulevard, no. 58 in the Drumul Tabery area.

Location of objects

Residential complex "Timișoara 58 Apartments" is located next to Drumul Tabery Park and the ice rink. Also nearby are supermarkets: Lidl, Carrefour Militari, Cora Lujerului and shopping centers: Plaza România and AFI Palace Cotroceni. It is also very easy and quick to get to kindergartens, schools and universities. Gorjului Metro Station is pretty close to houses on 58 Timisoara Boulevard. The distance to the North Railway Station is 7.2 km. Henri Coanda International Airport is 18.7 km away. Baneas Airport is 11.4 km away. The center of the capital is 8.2 km away.

Design features and description of the residential complex

The residential complex was built in several stages, and the buildings are made of reinforced concrete and brick with 6 floors of housing plus a basement and ground floor. The residential complex is guarded 24 hours a day and has a gym. For cars, outdoor parking lots and storage facilities have been built.

About apartments

The residential complex has duplexes and apartments with 2 and 3 rooms - unfurnished, but they are fully finished and equipped, equipped with individual thermal power plants with temperature programming, individual water, gas and electricity meters, equipped with plumbing.

The developer of Timișoara 58 Apartments is Gran Via Real Estate.