Cartierul Kogalniceanu in Sibiu

Name: Sales in Cartierul Kogalniceanu started!
Start: 2020-01-06T08:16:46.033757+00:00
End: 2023-12-31T23:59:59+0000
Location: Cartierul Kogalniceanu

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Project info

Object ID: 3350

Finished at	November 2021
Price, m²	From 960$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 71.00 m²
Floors	5
Apartments	446
Building phase	Foundation
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	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

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

68,160$

Net profit

8,283$

Payback period

6.4 years

Avg property value increase per year

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About the project

Complex location

The residential complex "Kogălniceanu neighborhood" has an exceptional positioning on Pertenie Cosma street with absolute easy access to all areas of interest in Sibiu. Nearby are Kaufland, Lidl and Penny Market supermarkets - which can be reached in just 2 minutes by personal transport. Up to the city center are around 7-8 minutes. The bus station and Cibin Square are 2 and 5 minutes respectively. The housing complex facilitates two exits with double access in two directions of the city.

Presentation of the housing project

The residential complex "Kogălniceanu Neighborhood" appears in the city of Sibiu as a modern and innovative neighborhood and summates a number of 23 housing blocks built with a structure of reinforcement on reinforced concrete frame and with the filling of energy efficient brick walls. The residential blocks even those with a small height regime of 4 floors, absolutely all have efficient and silent elevators. The housing complex "Cartierul Kogălniceanu" has more parking spaces than the number of apartments and has a total of 490 parking places which surely guarantees a parking space for each home, as well as for families with 2 cars, as well as for the transportation of visitors. Between the blocks are planted many green spaces with grass and shrubs to give the residents fresh and fresh air plus pleasure from the nature of the neighborhood yard. For the convenience of the households within the housing complex there is a mini-supermarket. A specially designed, cheerful and colorful place is organized for the children of the tenants in the residential blocks of the Kogălniceanu District.