Radius Residence in Istanbul

Name: Sales in Radius Residence started!
Start: 2020-03-31T08:39:04.079936+00:00
End: 2023-12-31T23:59:59+0000
Location: Radius Residence

Sales from the developer completed

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Construction

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Project info

Object ID: 6284

Finished at	July 2019
Price, m²	From 1800$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 31.00 m²
Floors	7
Apartments	376
Building phase	Completed
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking Fitness Pool Commercial area Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Haramidere/Sanayi 21 min
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

55,800$

Net profit

5,883$

Payback period

6.9 years

Avg property value increase per year

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About the project

The Radius Residence project, realized by Mutlu Construction, consists of 376 apartments. The project, planned as 9 blocks, includes 33 shops. The project, built on a plot of 20 thousand square meters, includes 1 + 0, 1 + 1, 2 + 1, 3 + 1 and 4 + 1 apartment types. Apartment sizes start from 31 square meters.

Radius Residence, which was established in Esenyurt, one of the regions with the highest investment potential in Istanbul, attracts attention with its horizontal architecture. The project, located on Doğan Araslı Boulevard, has flats that meet the needs of everyone. Radius Residence project is being built just 100 meters from Esenyurt University. Sales have started on the 21st of January in the project, which has been collected from http://buradayasamakisterim.com/ for a while. In the project, sales of 3 + 1 and 4 + 1 apartments have been completed.

Developer

Founded in 1974 and since its inception, contributing to urban modernization initiatives in the construction industry Happy construction, wh…
Details about MUTLU GLOBAL PROJE GELİŞTİRME A.Ş.