House Luxury Residence – Cluj in Cluj-Napoca

Name: Sales in House Luxury Residence – Cluj started!
Start: 2020-01-03T07:36:57.646283+00:00
End: 2023-12-31T23:59:59+0000
Location: House Luxury Residence – Cluj

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Project info

Object ID: 3277

Finished at	December 2020
Price, m²	From 1110$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 61.00 m²
Floors	7
Building phase	Carcase finished
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground 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

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

67,710$

Net profit

7,813$

Payback period

6.7 years

Avg property value increase per year

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About the project

Location of the complex and neighborhoods

In the western part of the city of Cluj - Napoca, on Avram Iancu street, at number 410, Florești, is located the residential complex "House Luxury Residence". The building is located behind the Volvo office and the BMW showroom. The apartment house is adjacent to the Vivo Mall, the Cinematograph, the Carrefour hypermarket, and various relaxation and entertainment areas, there are food tents, KFC and McDonald's. Within walking distance are the stores: Decathlon, Metro Cash & Carry, Praktiker, Arabesque. For children near the complex there are: The wonderful Dumbrava Kindergarten and the Academy of the Dwarves. The access to the house is made from the Transylvania highway or from the St. John's Road. From the complex to the center of Cluj are 6.5 km (maximum 14 minutes by car), and Cluj - Napoca International Airport "Avram Iancu" is located at a distance of 14.6 km from the housing complex "House Luxury Residence ”.

Technical moments and details of the layout of the complex

The real estate complex "House Luxury Residence" is presented on the market with a modern residential building, with a contemporary design and with a very attractive appearance. The residential building is designed with a Basement, a Ground floor plus 7 floors and the last floor is withdrawn. The housing block has nice balconies, it has pleasant, green and perfectly finished terraces. The technical feature of the building consists of reinforced concrete slabs, beams and pillars with brick walls and polystyrene thermal insulation on the outside. The house also benefits from perfect waterproofing on the ground floor. The block is finished from the outside with white plaster and has open-type balconies, the railings of which are finished with decorative plaster (gray), which ideally combines with the white walls. The windows installed in the apartment block are of high quality, are of PVC profile and have insulating glass. For vertical circulation, elevators are installed in the apartment building. On the ground floor there are commercial spaces or office areas. The complex has underground garages and open parking spaces. For the residents there are pedestrian alleys (interior), paved and illuminated streets and organized green spaces.