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IVANA FRANKA, 9

The case of this apartment shows that any apartment at such a location can be more profitable than you think. Located on Franko street, in the very heart of the Diplomatic center, being surrounded by different Embassies, the apartment couldn’t but attract investments. Vestor Estate Sales team noticed this opportunity and closed the deal for very attractive price.

Case

Cosmetic renovation management+interior design

Offered solution

Cosmetic renovation management+interior design

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Building type:

Stalin Era

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Size:

59 Sq. meters

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Renovation cost:

$200/m2

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Floor:

2/7

129
Increase in Rental Price
Before
After
Design process

Vestor.Estate design girls decided to evaluate the actual condition of the apartment, pay attention to its strong sides, and make an accent with decor and essential details. They chose not to get rid of the furniture that met the expectations of the potential tenant (e.g., new double bed and kitchen furniture). Instead, they created the feeling of home and coziness with a big sofa and right zoning of the living room, new kitchen table and chairs, stylish decor elements like curtains and carpet, and full renovation of the bathroom. In the end, they got a completely new overall view of the apartment that was much more attractive for the potential tenants. But let’s stick to numbers.

Furniture plan
Franko 9 apartment plan
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Rental before purchase:

$ 650/ Month

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Closing costs:

$ 7050

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Rental after project:

$ 1450 / Month

Rent profit increase: 129 %

Soon after the finish of this project, the apartment was rented out for the price more than twice higher than the initial rental price. The renovation was paid back in about eight months to continue to bring net profit to investors after that.

Interested in reasonable solutions for any pocket?