Progress in Krasnodar

Name: Sales in Progress started!
Start: 2020-01-24T10:34:32.783632+00:00
End: 2023-12-31T23:59:59+0000
Location: Progress

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Project info

Object ID: 4302

Finished at	December 2020
Price, m²	From 630$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 20.00 m²
Floors	5
Apartments	4720
Condition	Black walls
Ceiling height	2.60 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Commercial area 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

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
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		194		8103$
Average		52%		37$

Total invested

12,600$

Net profit

5,906$

Payback period

1.6 years

Avg property value increase per year

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Promos and discounts for Progress

About the project

The residential complex "Progress" is located in the village of the same name in the Prikubansky intracity district, on the outskirts of Krasnodar, at ul. 9th Silent.

The area is ecologically sound. At a distance of 2.5 kilometers runs the Yeisk highway, through which you can quickly get to the city center. The Prikubansky district is actively built up with residential buildings and its infrastructure is developing at the same time, which leads to an increase in the cost of housing in the region.

Near the new building there is a clinic and a kindergarten. Nearby is a school, another kindergarten and clinic, a post office, banks and ATMs, a fitness room and two restaurants.

An informal forum of residents discusses apartment layouts, promotional sale of apartments in Progress residential complex, prices in complexes next door and much more. The reviews show that there is no longer a shortage of infrastructure facilities, in addition, buses and minibuses go to any facility in the region or in the city. From the comments it also becomes clear that it is possible to buy an apartment in Progress residential complex from the Development-South developer at a price that is significantly lower than the other proposed options.

The complex is a residential development of five-story monolithic-brick houses with economy class apartments. In total, sixty-five buildings in a single architectural style should be built. The construction of the first phase was started in November 2013, and in October 2014 it was commissioned in the amount of four houses. Currently, 12 buildings have been erected.

The development plan also involves the construction of infrastructure. A school, two kindergartens, an Orthodox church, a shopping center, multi-level parking lots and open parking lots will be built. A large park will be set up near the shopping center.

Developer

Development-South Corporation was established on March 1, 1995 in the city of Krasnodar. Since then, the path has gone from a small enterpri…
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