Arma Cadde in Istanbul

Name: Arma Cadde
Brand: Okkalar İnşaat A.Ş.
SKU: 5665
Availability: InStock

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Project info

Object ID: 5665

Finished at	November 2018
Price, m²	From 1862$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 105.00 m²
Floors	12
Apartments	24
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Kids playground Nearby subway stations Erenköy 15 min Feneryolu 17 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

195,510$

Net profit

9,376$

Payback period

16.6 years

Avg property value increase per year

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About the project

The Arma Cadde project, built by Okkalar Construction in Caddebostan, the favorite area of Kadıköy, has a construction area of 2,795 m2. The project consists of 24 apartments in one block. All of the apartments in the project are designed in 2 + 1 type. 105 square meter gross area is being created for 2 + 1 apartments in the project. Arma Cadde project, which was built as an urban transformation project, attracts attention with its location. The project is located next to Göztepe 60. Yıl Park, 2 minutes' walk from Bağdat Street.

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.