Kuzeysehir in Izmir

Name: Sales in Kuzeysehir started!
Start: 2020-02-26T09:00:19.732436+00:00
End: 2023-12-31T23:59:59+0000
Location: Kuzeysehir

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Project info

Object ID: 5328

Finished at	December 2018
Price, m²	From 650$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 121.00 m²
Floors	11
Apartments	396
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Fitness Pool Kids playground
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Personal discount certificate 300$
Free consultation	Ask a question

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

78,650$

Net profit

9,376$

Payback period

6.7 years

Avg property value increase per year

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About the project

The North City project in Izmir was launched by Yücesoy Mühendislik. The project, whose delivery date is in December 2018, took its place on a huge plot of 28,700 square meters. The project, which is designed as 8 blocks with 7 and 18 floors in total, includes 396 residences, including apartments and villas. The project, which is reserved for 10,500 square meters of green space and 6,100 square meters of social living space, includes 2 swimming pools, 2 children's pools, 1 indoor pool, 1 landscape pool and a water slide. In addition, SPA center, children's playgrounds, parking lot, fitness center, walking track, indoor basketball court, tennis court, mini golf and squash area are among the privileges of the North City.

The North City housing project, which rises in the Atatürk neighborhood of the Menemen district of Izmir, is located in a rapidly developing precious area of the city. The project is located in a location that offers advanced public transportation to Karşıyaka, Bornova and Konak centers. Transportation alternatives such as the ring road and Izban provide convenience and convenience in urban transportation. It is planned to provide transportation to the Izban line, which is the suburban train of İzmir, within the site by shuttle vehicles every hour. The project ring road exit is 3.5 kilometers, Çanakkale road and İZBAN 1.5 kilometers and Menemen center 2.5 kilometers. The fact that it is located very close to the Manisa highway provides easy access to Manisa center and Manisa industrial area.

The North City housing project, which draws attention with its horizontal architectural structure, includes apartments and villas in the form of 2 + 1, 3 + 1 and 4 + 1, whose areas vary between 121 square meters and 208 square meters. In the North City project, specially insulated apartments are heated with central heating system. Each apartment has a balcony, en-suite bathroom and dressing room. In addition to normal flats, the residences designed as villa residences, duplex flats and garden flats feature large balconies and high ceilings that dominate a panoramic view. Special garden area is designed for villa residences and garden apartments. Social living areas draw attention with the concept of living the neighborhood culture.