Complex Metropolitan Residence Mihai Bravu in Bucharest

Name: Sales in Complex Metropolitan Residence Mihai Bravu started!
Start: 2019-12-27T06:23:43.198283+00:00
End: 2023-12-31T23:59:59+0000
Location: Complex Metropolitan Residence Mihai Bravu

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Project info

Object ID: 3123

Finished at	June 2020
Price, m²	From 1445$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 55.00 m²
Floors	11
Building phase	Carcase finished
Condition	Black walls
Construction type	Monolyth
Elevators	2
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Mihai Bravu 2 min Mihai/Bravu 2 min Dristor 2 15 min Dristor 1 15 min Timpuri/Noi 17 min Timpuri Noi 17 min
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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

79,475$

Net profit

7,229$

Payback period

8.4 years

Avg property value increase per year

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About the project

Location

The residential complex "Metro Residence Mihai Bravo" was built in the 3rd sector of the city of Bucharest, on Mihai Brava street, no. 475.

Location of objects

The residential complex “Metropolitan Residence Mihai Bravo” has many places of recreation, schools and kindergartens, shopping centers, medical centers, pharmacies, restaurants and hypermarkets: Mega Image, Kaufland, Lidl. Opposite is the Vitan Mall, and nearby is the Youth Park. Mihai Viteazu Metro Station is a 5-minute drive, as well as buses and trams.

distance

The apartment is 4.1 km from Unirii Square. The North Railway Station is 7.6 km away. Otopeni Airport is 21.7 km away. Baneas Airport is 13.1 km away.

The construction of the residential complex is made of reinforced concrete blocks and Porotherm bricks for laying walls 30 cm thick, as well as for brickwork. The residential block has a high-altitude basement mode + basement and 9 floors. The house is equipped with modern and quiet elevators. There is a natural stone on the stairs. The building has a modern ventilation system. It has underground parking spaces, a bar and security. Apartments in the Metropolitan Residence Mihai Bravo are offered to buyers with sketches of 2 and 3 rooms with a built-up area from 61 sq.m to 95 sq.m. Finishes in the apartment (porcelain, parquet, faience and interior doors) are offered at the buyer's choice. Double-glazed windows are installed on the windows, the external door is metal. There is a connection to gas, electricity, water and sewage. Heating with individual central heating in the apartment. Services with cable television, internet and telephony.