Apollo Town in Timisoara

Name: Sales in Apollo Town started!
Start: 2020-01-06T08:57:31.446028+00:00
End: 2023-12-31T23:59:59+0000
Location: Apollo Town

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Project info

Object ID: 3355

Finished at	December 2021
Price, m²	From 1330$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 52.00 m²
Floors	7
Apartments	120
Building phase	Foundation
Condition	Black walls
Construction type	Monolyth
Security	Intercom CCTV Security
Conveniences	Parking Underground parking Kids playground Near supermarket
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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

69,160$

Net profit

7,229$

Payback period

7.3 years

Avg property value increase per year

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Promos and discounts for Apollo Town

About the project

Important points in the location area

The residential complex "Apollo Town" is located in the northern part of the city of Timișoara, in an area near the center, on Tristan Tzara street, at number 11-3, Dumbrăvița commune, Timiș county. Immediately near the houses with apartments the school "British International School" operates and not far away are the faculties of the University of Agricultural Sciences and Veterinary Medicine of Banat.

The tenants of the residential complex benefit from sports complexes near the house such as: "Arena Carlo", "Berlin Sport" and "Player Sport"), beauty salons, bank branches, pharmacies, and not far away is the hospital "Premiere". Also in this area is a dense concentration of commercial points, here operate the stores: Altex, Hornbach, Decathlon, Selgros, Auchan hypermarket and Kaufland and LIDL supermarkets. Near the houses of the housing complex there is a public transport system with trolley bus lines and is the E1 express.

From the residential complex "Apollo Town" to the center of Timișoara is a distance of 5.7 km and to the shopping center "Iulius Mall" are about 3.6 km in maximum 8 minutes. The business hub (up to the Vox Tehnology Park office block) is only 2.6 km away. The distance to Timisoara International Airport "Traian Vuia" is 11.4 km.

Developer

Starting with the year 2000 we are active on the real estate market in Timisoara, initially by building commercial spaces and interior arran…
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