Arma Residence in Istanbul

Name: Sales in Arma Residence started!
Start: 2020-03-10T07:28:36.516783+00:00
End: 2023-12-31T23:59:59+0000
Location: Arma Residence

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Project info

Object ID: 5667

Finished at	June 2020
Price, m²	From 700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 48.00 m²
Floors	5
Apartments	264
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Underground parking Spa Fitness Pool Kids playground
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

33,600$

Net profit

6,783$

Payback period

3.7 years

Avg property value increase per year

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About the project

Arma Business project, which consists of 264 residences and 20 shops, has been allocated for 14,389 square meters of landscaping area. The concept of Arma Residence combines home life with high level privileges. Arma Business Life project, which will meet all needs with its modern architecture and comfort, rises right next to Sabiha Gökçen Airport.

The Arma Business project, which attracts attention with its different architecture, started leases. At Arma Residence, the rental prices of the apartments are at a level that will satisfy the investors. The project can be rented very quickly and at reasonable prices, as it is located right in the center of Kurtköy and only five minutes from Sabiha Gökçen Airport. Therefore, Arma is a project with a high return rate that makes investors smile with its rental income above the regional fair value. The Arma Residence project, which has a very high rental rate and investment value, is also offered to investors who want to do so without paying a service fee.

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.