The residential complex Aisi in Batumi

Name: The residential complex Aisi
Brand: Arfi Group
SKU: 41
Availability: InStock

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Project info

Object ID: 41

Finished at	December 2017
Price, m²	From 790$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	26
Distance to sea	150 m.
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	Intercom CCTV Security
Conveniences	Parking Underground parking Commercial area Kids playground Near school Near kindergarten Near supermarket
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Personal discount certificate 300$
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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

23,700$

Net profit

5,906$

Payback period

2.9 years

Avg property value increase per year

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About the project

The residential complex AISI is located in the new part of Batumi, near the New Boulevard, 150 meters from the sea.

The complex consists of 2 blocks A and B. The construction of the block A will be completed in the summer (July-August) of 2017, and the block B - in December 2017. The number of floors of buildings: the block A -24 floors, the block B - 26 floors.

Commercial areas are located on the first floor of the buildings, and residential apartments are located on the second floor.

Infrastructure and services in the complex: a swimming pool, a market, concierge service, security, cleaning of entrances, garbage removal, etc., apartment management, video surveillance in entrances, etc.

The area of apartments from 32 sq m to 74.7 sq. m.

Developer

The construction and development company Arfi Group was founded in 2014. Activity of the company is as follows: search and acquisition of in…
Details about Arfi Group