House on Brtskinvale 88 99 in Batumi

Name: Sales in House on Brtskinvale 88 99 started!
Start: 2021-05-20T09:18:33.386293+00:00
End: 2023-12-31T23:59:59+0000
Location: House on Brtskinvale 88 99

Sales from the developer completed

Property for sale here (5)

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Project info

Object ID: 12256

Finished at	September 2020
Price, m²	From 400$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 50.88 m²
Floors	12
Condition	Without finishing
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Resale properties in this project	Found 5 object(s)

Return on investment for apartment

with price

9,026$

Rental income

1,103$

Management

689$

Utilities

451$

5% Income tax

6,783$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	30$	270$
February	28	35%	10	30$	300$
March	31	22%	7	33$	231$
April	30	23%	7	40$	280$
May	31	38%	12	40$	480$
June	30	73%	22	45$	990$
July	31	87%	27	75$	2025$
August	31	87%	27	75$	2025$
September	30	60%	18	55$	990$
October	31	58%	18	40$	720$
November	30	36%	11	30$	330$
December	31	35%	11	35$	385$
Total	365		179		9026$
Average		48%		44$

Total invested

20,000$

Net profit

6,783$

Payback period

2.2 years

Avg property value increase per year

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About the project

The residential complex on 88/92 G. Brtskinvale Street in Batumi offers small and relatively inexpensive apartments, which are being sold in white frame condition.

Where is the complex located?

Construction is underway in a part of Batumi that does not yet belong to the resort category. The coast is only 1.3 km away, but there are almost no tourists here. At the same time, the prospects for the location positive, and there is no doubt that within a few years the cost per square meter here will increase significantly.

What's around?

Not far from the construction site are the "Yalchin" supermarket, a household appliances store, a pharmacy, and several cafes. Children will be able to attend the nearby kindergarten "Hakuna Matata", as well as schools No. 4 and 7. Also nearby are the Kirkitadze dental clinic and Republican Hospital. Just a 10-minute walk away is the new modern Dynamo Stadium, which is a major benefit of the location of the complex.

How to get around?

Public transport runs along Chavchavadze and Bagrationi streets, located a 5-minute walk away. Routes 15 and 16 stop here. If you go a little further, there are more bus lines. The distance from the new building to the Old Bus Station and the seaport is a little less than 2 km, to the airport and the railway station is about 4 km.