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More Echevarriarza in Montevideo

Name: Sales in More Echevarriarza started!
Start: 2022-09-15T12:04:54.752746+00:00
End: 2023-12-31T23:59:59+0000
Location: More Echevarriarza

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Project info

Object ID: 23305

Finished at	October 2020
Price, m²	From 2800$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 76.20 m²
Floors	4
Apartments	57
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Underground parking Fitness Pool Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

10,605$

Rental income

1,103$

Management

689$

Utilities

530$

5% Income tax

8,283$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	50$	250$
February	28	21%	6	50$	300$
March	31	16%	5	55$	275$
April	30	16%	5	60$	300$
May	31	32%	10	60$	600$
June	30	60%	18	70$	1260$
July	31	80%	25	95$	2375$
August	31	80%	25	100$	2500$
September	30	46%	14	75$	1050$
October	31	45%	14	60$	840$
November	30	30%	9	50$	450$
December	31	29%	9	45$	405$
Total	365		145		10605$
Average		39%		64$

Total invested

212,800$

Net profit

8,283$

Payback period

20.1 years

Avg property value increase per year

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About the project

EXCEPTIONAL LOCATION

More Echevarriarza is a real estate project located in Pocitos, a sector of the city characterized by its exceptional landscape and urban qualities.

Strategically located in the area of greatest transformation and building, service and commercial development in Montevideo, just three blocks from the World Trade Center and Montevideo Shopping Center and just one block from the Rambla and the Hyatt Centric.

Its location close to the Rambla República del Perú – the public space par excellence of our city – and the Avenida Luis Alberto de Herrera, make it have the best coverage of transport, public facilities and private services in the country.

These attributes, added to the value proposition, design and architectural quality, make More Echevarriarza the new residential landmark in the area.

INNOVATIVE PROJECT

More Echevarriarza is the project response of the Gómez Platero Studio, to the conditions of the property, urban regulations (height and occupation of land), a completely innovative residential program in Montevideo and its unique location.

The building under the horizontal property regime is developed on 6 levels: Ground Floor (PB), 3 levels of apartments (1, 2 and 3), a Roof-Top for Amenities (RT) and a Basement (-1).

The residential program is made up of 57 housing units: 25 studio apartments, 25 one-bedroom units, and 7 two-bedroom units.

The standard floor plan has a triple-height central landscaped patio and two apartment towers with balanced conditions, in relation to their relationship with the public thoroughfare, the patio and the rear garden. This arrangement of the units optimizes the sunlight and ventilation conditions. The double circulation core in each Tower guarantees the efficiency of the vertical and horizontal circulations.

The units are projected based on two typical floors: Level 1 contains 17 apartments and the floor plan of levels N2 and N3, 20 apartments on each level.

The modulation of the units provides structural, constructive simplicity and in the layout of the facilities.

The project has parking spaces that are marketed independently.

Developer

We are leaders in the design of innovative projects in the real estate sector in Latin America. Developments based on optimizing the value …
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