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Montenegro
Bar
Duplex apartment with 3 bedrooms in Bar

For Sale

Duplex apartment with 3 bedrooms in Bar

Bar, Montenegro

228 000 € Request discount

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90 m²

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Description

Duplex apartment with 3 bedrooms in the city of Bar, Ilyino district, 100 meters from the sea.

Apartment structure:

First floor of the apartment:

Corridor, living room combined with kitchen, bedroom, bathroom, terrace with side sea views

Second floor of the apartment:

2 bedrooms, bathroom with shower.

The apartment is located in a new building with an elevator.

There is an opportunity to purchase a garage space at a price of 12,500 euros

100 meters to the sea

300 meters to school

800 meters to the city center

Liquidity calculation:

Rent 100 euros/day. Maximum occupancy 90 days per season. Profitability during the season 9000. Booking expenses 15%

Profitability minus Booking 7650 euros.

Possible monthly rental out of season for 800 euros per month for 8 months. Additional income for the year = 6400 euros. Total for the year: 14,050 euros. Purchase and maintenance costs 166500+800 (annual tax + tax) = 167300.

Payback period 167300 euros / 14050 = 11.9 years. Profitability 14050*100/167300 = 8.3%

Calculations are given for 2021-2022.