Express 24 in Istanbul

Name: Sales in Express 24 started!
Start: 2020-02-17T12:16:34.063973+00:00
End: 2023-12-31T23:59:59+0000
Location: Express 24

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Project info

Object ID: 5076

Finished at	June 2019
Price, m²	From 1170$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 95.00 m²
Floors	24
Apartments	273
Building phase	Completed
Condition	Black walls
Ceiling height	2.90 m.
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Kids playground Near kindergarten Nearby subway stations İSTOÇ 18 min İkitelli Sanayi 19 min Mahmutbey 20 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

111,150$

Net profit

9,376$

Payback period

9.5 years

Avg property value increase per year

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About the project

Bağcılar, which is known as the new face of Istanbul, which is constantly developing in terms of both business and housing projects, is hosting a new project.

Express 24 project, structured by İnvest - Urke - 24, consists of one block and there are 273 residences and 11 stores in this block. There are a total of 284 independent units in this area. It was deemed appropriate to serve as a residence in the project. In addition, there are two types of apartments, 1 + 1 and 2 + 1. The apartments also have a balcony, terrace and central heating.

The Express 24 project extends over an area of 43 thousand 800 square meters and 7 thousand square meters of this area is reserved for commercial units. Interiors of the apartments in the project range from 61 to 252 square meters.

Express 24 project, which is located in a region that attracts attention in terms of location, is located on Basın Ekspres road. In addition to the residence life, the project also includes commercial units and apartments in home-office style.

The project includes indoor and outdoor parking as well as security facilities. It is foreseen that all apartments and units will be delivered in June in the project. In addition, it is observed that rental income increases every passing day due to the ongoing activity in the region.