38 Cadde in Kayseri

Name: Sales in 38 Cadde started!
Start: 2020-03-03T12:01:13.211167+00:00
End: 2023-12-31T23:59:59+0000
Location: 38 Cadde

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Project info

Object ID: 5499

Finished at	December 2020
Price, m²	From 860$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 255.00 m²
Floors	14
Apartments	224
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Spa Fitness Pool
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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

219,300$

Net profit

9,376$

Payback period

18.7 years

Avg property value increase per year

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About the project

A new project is rising in Kayseri Melikgazi by Erk GYO. This new project, named 38th Street, has an area of 23 thousand square meters. The 38th Street project, designed in a mixed concept with its residential and commercial areas, attracts attention in Kayseri. 38.Cad project in the European ODEL prestigious European Property Awards in Architecture in Turkey in the 2017-2018 season, he was awarded the prize in the category of high-rise housing. The 38th Street project, which has the signature of İkon Project in its architecture, also attracts attention with the award it received. The 38th Street project, consisting of 8 blocks, is being built on Talas Boulevard. The 38th Street project, which consists of 224 residences, also includes a commercial area of 5,000 square meters. On the 38th Street, which consists of 4 + 1 flats, the sizes of the residences are planned as 255 square meters.

The 38th Street project is located 2 kilometers from the city center, 2 kilometers from Forum Kayseri AVM, 4 kilometers from Erkilet Airport and 1 kilometers from Erciyes University. As social facilities, there will be fitness, sauna, steam room, indoor and outdoor car parking area, children's playgrounds and study centers. In addition, the 38th Street project offers street shops and activity areas where residents can meet their needs and have a pleasant time.

The 38th Street project, which is under construction, is planned to be delivered in the last quarter of 2020. It is foreseen that the 38th Street project, which is expected to be completed and delivered to its buyers, will satisfy the owners in terms of rental income.