Arma Menta in Istanbul

Name: Sales in Arma Menta started!
Start: 2020-03-10T06:51:13.464297+00:00
End: 2023-12-31T23:59:59+0000
Location: Arma Menta

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Project info

Object ID: 5660

Finished at	December 2019
Price, m²	From 935$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 82.00 m²
Floors	14
Apartments	158
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Spa Fitness Pool Kids playground Nearby subway stations Soğanlık 10 min Hastane/Adliye 19 min Kartal 19 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

76,670$

Net profit

9,376$

Payback period

6.5 years

Avg property value increase per year

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About the project

Arma Menta project, which rises in Kartal, one of the fastest growing regions of Istanbul, is located in Soğanlık region. Arma Menta project, which has a view of Aydos Forest, stands out with its natural life concept. The project is being built only 900 meters from Kartal metro. Arma Menta project, where the concept of family is at the forefront, does not include 1 + 0 and 1 + 1 apartments.

The project, which will be built a few minutes away from the main roads such as E-5 and TEM, offers significant advantages with its proximity to major hospitals, shopping centers, universities and courthouses in the city center. The social areas of the project include a winter garden with a fireplace and a kitchen, open and closed children's areas and a steam room.

Okkalar Construction Board Member Mahmut Okka, who stated that they are satisfied with the interest of the investor in the project, said, “We have put Arma Menta, which is rising in Kartal, the fastest growing region of Istanbul, for sale in 240 months. "30 percent of the project has already been sold."

Developer

Our company was established in 1976 by İbrahim OKKA. Our company, which has been undertaking formal contracting works until the 1980s, broug…
Details about Okkalar İnşaat A.Ş.