Park Square Franzini in Montevideo

Name: Sales in Park Square Franzini started!
Start: 2022-09-16T12:31:23.649314+00:00
End: 2023-12-31T23:59:59+0000
Location: Park Square Franzini

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Project info

Object ID: 23312

Finished at	January 2025
Price, m²	From 2145$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 59.67 m²
Floors	12
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Security Reception
Conveniences	Parking 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

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

126,555$

Net profit

7,229$

Payback period

13.3 years

Avg property value increase per year

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About the project

Park Square Franzini is a building with modern architecture that makes the most of its excellent orientation with apartments with all rooms full of natural light and ventilation. The color palette and the materials used make it look different, new, current. The vertical garden of the basement gives it the natural touch that identifies it. The open-plan apartments continue on the terraces with assured sun.

Luis Franzini street has a particular charm. Being right at the meeting point of three ideal neighborhoods to live in such as Pocitos, Parque Rodó and Punta Carretas, makes it an optimal point to settle. It is a quiet street but with a lot of life, a link between Bvrd. Spain and September 21, so the connection to any point in the city is immediate. In addition, we are a few minutes walk from an ideal environment to enjoy life outdoors.

Developer

Since 1993 we have provided a comprehensive Architecture, Planning and Construction service that includes Construction Management, Managemen…
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