Optimist Residence in Istanbul

Name: Sales in Optimist Residence started!
Start: 2020-03-31T07:50:19.003979+00:00
End: 2023-12-31T23:59:59+0000
Location: Optimist Residence

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Project info

Object ID: 6277

Finished at	December 2019
Price, m²	From 980$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 56.00 m²
Floors	20
Apartments	550
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Fitness Pool Commercial area Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Fikirtepe 4 min Uzunçayır 7 min Acıbadem 9 min Ünalan 10 min Feneryolu 15 min Söğütlüçeşme 16 min Göztepe 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

54,880$

Net profit

7,229$

Payback period

5.8 years

Avg property value increase per year

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About the project

Realized in Fikirtepe, the symbol of urban transformation in Istanbul, Optimist Residence was designed by RMJM, one of the most important architectural companies in the world. Of traditional Turkish architecture and implemented taking into consideration the needs of today's project is a step up vertical gardens, which carries a first housing standards in Turkey. The apartments in the project have a ceiling height of 3.40 meters gross and 3.15 meters net. When the Optimist Residence project is completed, 1 + 1 apartments are expected to find tenants from 2 thousand TL. The project is expected to make a 50 percent premium until delivery.

Optimist Residence, located at the intersection of land, sea and air transportation, is very close to many points. The project rises 150 meters from Ayrılık Çeşmesi stop, which is the intersection point of Marmaray and Kadıköy-Kartal metro, and 200 meters from the intersection of Uzunçayır metrobus and Ünalan metro. Turkey's best hospitals and a few minutes away from Marmara University's Training and Research Hospital.

Developer

starting with the construction industry in 1975. Emergency sour experience, beginning his career in Erzurum, Turkey has continued all over t…
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