Status House in Batumi

Name: Sales in Status House started!
Start: 2019-02-25T11:14:09.895455+00:00
End: 2023-12-31T23:59:59+0000
Location: Status House

Sales from the developer completed

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Project info

Object ID: 400

Finished at	June 2020
Price, m²	From 470$
Housing class	No
Buy online	Details
Installment plan	Initial payment 30%; installment plan for 22 months
Bank mortgage
Property type	Aparment building
Square	from 35.00 m²
Floors	17
Apartments	125
Distance to sea	450 m.
Building phase	Facade finished
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	2
Security	CCTV
Conveniences	Parking Underground parking Kids playground Near school Near supermarket
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Resale properties in this project	Found 1 object(s)

Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

16,450$

Net profit

5,883$

Payback period

2.0 years

Avg property value increase per year

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About the project

STATUS House is a multifunctional residential building, 🏟 near the central stadium of Batumi.

Near the intersection of Abuseridze and Gudiashvili streets.

There is an installment plan for 22 months, the first installment is 30% of the total cost.

Construction is carried out under the State Program.

House for rent in June 2020

Developer

LIKE HOUSELIKE HOUSE development holding has been operating in the construction market of Georgia since 2001. The main specialization of the…
Details about Like House