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SPIRE in Seattle

Name: Sales in SPIRE started!
Start: 2020-09-07T11:40:10.112373+00:00
End: 2023-12-31T23:59:59+0000
Location: SPIRE

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Construction

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Project info

Object ID: 9117

Finished at	May 2021
Price, m²	From 11400$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 50.00 m²
Floors	41
Apartments	342
Condition	Turnkey
Construction type	Monolyth
Security	CCTV Reception
Conveniences	Parking Fitness Commercial area Kids playground Near school Near kindergarten Near supermarket
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Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

570,000$

Net profit

6,783$

Payback period

63.2 years

Avg property value increase per year

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About the project

Spire’s striking architecture enhances the Seattle skyline while offering a dynamic and welcoming pedestrian environment at the building’s base. The architecture responds to the unique local character of the Belltown neighborhood. The bold design maximizes breathtaking, unobstructed views of the waterfront, skyline and beyond.