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Podil apartment.

3-room apartment in a historic building near the “Kontraktova Ploshcha” metro station, total area – 100 sq. m.
The renovation was done in a contemporary style.

Target audience: a local family with children or expatriates.
Renovation period: 9 months.

Due to the war, the renovation took longer and became more expensive, as the project was temporarily put on hold. Additionally, the investor changed their strategy: initially planning to live in the apartment but later deciding to rent it out. This led to further delays and increased costs.

The apartment was leased for long-term rent one month after the renovation was completed.
Full payback period: 12 years.

Currently, the property is managed by E&A Partners, ensuring the investor a stable passive income.

Date:
Tags:
Size:
100 m²
Annual return: 8,3%
IRR:
10,27%
Capital appreciation: +18%, based on cap rate of 7%

Get the cost to renovate your rental property.