Apartment at Nairi Zaryan Street

Financial data

Property price:

$ 220 000

Renovation cost:

$ 130 000

Expected return:

17-28%

Project duration:

6 months

About the property

Area:

206 sq m

Floor:

6 and 7/7

Stone garage:

1

Metal garage:

1

Property description

As an investment, one of the features of this property is that due to its 206 square meters area, it can be converted into 4 2-room apartments. The property price includes 1 metal and 1 stone garage, and the expected cost of repairs and alterations will be approximately $130,000. Divided apartments can be sold for 2000-2200$ per 1 square meter, which will provide a yield of 17-28%.

Additional information

Good lighting

View of the city

Nairi Zaryan, Yerevan