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Ideal Residence in Iasi

Name: Sales in Ideal Residence started!
Start: 2020-01-03T12:18:47.612011+00:00
End: 2023-12-31T23:59:59+0000
Location: Ideal Residence

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Project info

Object ID: 3319

Finished at	March 2020
Price, m²	From 1000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 31.00 m²
Floors	12
Apartments	486
Building phase	Facade 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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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

31,000$

Net profit

5,883$

Payback period

3.8 years

Avg property value increase per year

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About the project

Location

The "Ideal Residence" Residential Complex is located in the Cug area, on Bazei Street, no. 2.2.1, in the southern part of Iasi.

Location facilities

Near the apartments in the Residential Complex "Ideal Residence" is located the Exhibition Center Moldova, the Providence Hospital, there are shops, restaurants and markets, there is a school and bus routes run. The distance to the Iasi International Airport is 12 km and the Train Station is 7.5 km.

Constructive features and description of the complex

The new buildings are built on concrete pillars and the masonry walls are made of brick, which is thermally insulated with 10 cm basaltic wool. Real Residence has apartments with 1-2-3-4 and 5 rooms, which are delivered absolutely finished in the "turnkey" version. All the apartments in the Complex have windows with PVC joinery, interior doors and metal doors to the entrance, intercom and fully equipped bathrooms. The homes are heated with their own condensing plants and there is also a floor heating system. The walls are worked with washable lime and the floors are covered with parquet. There are internet, TV and telephony connections. The Residential complex has built underground and underground parking spaces.