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House on the French Boulevard in Odessa

Name: Sales in House on the French Boulevard started!
Start: 2019-10-29T12:52:52.499848+00:00
End: 2023-12-31T23:59:59+0000
Location: House on the French Boulevard

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Project info

Object ID: 768

Finished at	November 2020
Price, m²	2003$ — 3104$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 65.00 m²
Floors	10
Apartments	90
Distance to sea	400 m.
Building phase	Carcase finished
Condition	Without finishing
Ceiling height	3.15 m.
Construction type	Brick
Security	—
Conveniences	Parking Underground parking Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

130,195$

Net profit

7,813$

Payback period

12.9 years

Avg property value increase per year

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About the project

Location of the house

The new building is located in the Primorsky district of Odessa, traditionally, like other "Karkashadze Houses", within the area of French Boulevard. Odessa aristocrats used to build their dachas here.

Distance from the complex to the sea - only 400 meters. The house is surrounded by greenery of the park area, which guarantees clean air and a favorable ecological situation.

The main characteristics of the new building

The residential complex on French Boulevard, 29 in Odessa is a ten-storey 3-section house. During construction, the company uses monolithic frame technology. Traditionally, for "Karkashadze Houses" the walls are built of red ceramic bricks. The area of glazing of apartments is increased thanks to panoramic windows.

The new building has spacious halls with a well-thought-out design and an underground parking lot with an elevator. The technical equipment of the house is represented by the latest equipment from the best manufacturers.

On the French Boulevard, 29 residential complex includes one-bedroom, 2-bedroom, 3-bedroom, 4-bedroom, two-level apartments and penthouses. Buyers can choose project or individual planning of the apartment. Housing is put into operation in a state of repair with an installed system of autonomous heating.

The developer took care of the comfortable living of the residents, so there are no more than three apartments on the floor.

Developer

The construction company "ZARS" was founded on October 14, 1996 by Givi Silovanovich Karkashadze (1930-2006). The ZARS company carries out …
Details about ЗАРС