Red Line in Batumi

Name: Red Line
Brand: MARDI HOUSE
SKU: 19
Availability: InStock
Rating: 4.00 (2 reviews)

Renders

Construction

Live Stream

Property for sale in Red Line — look at the real estate search engine GEOLN.COM. Photo 1

Reviews about Red Line

Irakli

Original language: Russian

Mardi Holding is a very unreliable developer! They have objects in Batumi that were not completed on time and will be commissioned from 3 !!!!!!!!!! summer delay !!!!!! Specifically in this house, many complain about the quality of work performed. The tenants are not happy with the soundproofing and waterproofing. This developer does not deserve attention !!!!!

Tamuna

Original language: Russian

Great place, I bought a small 2-room apartment here (I always wanted one for myself). Well-developed infrastructure, which is very important for me, is also an excellent price. As for the timing of construction, there is certainly a lot of negative to express. Of course there were nerves for a couple of months. But after talking with friends I realized that ours did it with a bang. It turns out that it is normal for Batumi to be at least a year late. Well done (black humor). Well, it all started during the re-registration of the property itself. Here I had to get nervous in earnest. It turns out that while the house is not fully commissioned, nothing is drawn up to anyone. They just didn't explain it to me, and I had to wait again for the end of all this red tape.

Project info

Object ID: 19

Finished at	July 2017
Price, m²	From 550$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	15
Apartments	122
Condition	Black walls
Construction type	Monolyth
Elevators	2
Security	—
Conveniences	Underground parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
Add to free Travel & Invest tour
Add to autotour
Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 3 object(s)

Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
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		194		8103$
Average		52%		37$

Total invested

16,500$

Net profit

5,906$

Payback period

2.0 years

Avg property value increase per year

Open ROI calculator

Promos and discounts for Red Line

About the project

Mardi Red Line is a modern residential complex of comfort class.

The house is a two-entrance building, 15 floors high with a modern facade, high-quality communications and spacious apartments.

The area of apartments from 38 sq. m. for sale are 1, 2, 3 and 4 bedroom apartments. All of them must include a balcony and an entrance hall. Apartments are divided into guest, bedroom and utility areas.

Combining comfort and innovation, Mardi Red Line is the best condition if you want to buy quality housing at an affordable price.

Developer

Mardi House is a subsidiary of Mardi Holding LLC, which has been working in various areas (tobacco production, international air transportat…
Details about MARDI HOUSE