Site Italia in Montevideo

Name: Sales in Site Italia started!
Start: 2022-09-21T11:43:41.091671+00:00
End: 2023-12-31T23:59:59+0000
Location: Site Italia

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Project info

Object ID: 23360

Finished at	February 2023
Price, m²	From 2150$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 40.00 m²
Floors	12
Condition	Turnkey
Construction type	Monolyth
Security	—
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

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

86,000$

Net profit

5,883$

Payback period

10.6 years

Avg property value increase per year

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About the project

Site Italia: located on Av. Italia and Maipú, an excellent spot in Parque Batlle. It has studio apartments and 2-bedroom apartments.

Area of great accessibility, with mobility to any part of the city, projected on 12 floors with studio apartments, 1 and 2 bedrooms. All apartments have excellent orientation, sunlight and terraces or patios for exclusive use.

In addition, it will have a barbecue with grill and kitchen and 17 garages.