House on Machavariani 63 in Tbilisi

Name: Sales in House on Machavariani 63 started!
Start: 2021-05-24T08:03:16.280325+00:00
End: 2023-12-31T23:59:59+0000
Location: House on Machavariani 63

Sales from the developer completed

Property for sale here (1)

Renders

Construction

Live Stream

Sold

Property for sale in House on Machavariani 63 — look at the real estate search engine GEOLN.COM. Photo 1

Property for sale in House on Machavariani 63 — look at the real estate search engine GEOLN.COM. Photo 2

Property for sale in House on Machavariani 63 — look at the real estate search engine GEOLN.COM. Photo 3

Reviews about House on Machavariani 63

There are no reviews yet. You can be the first who rates it

Project info

Object ID: 12291

Finished at	March 2020
Price, m²	From 650$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 63.30 m²
Floors	15
Apartments	311
Building phase	Completed
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Medical University 17 min Didube 18 min
Add to free Travel & Invest tour
Add to autotour
Personal discount certificate 300$
Free consultation	Ask a question
Resale properties in this project	Found 1 object(s)

Return on investment for apartment

with price

10,110$

Rental income

1,103$

Management

689$

Utilities

505$

5% Income tax

7,813$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	22%	7	40$	280$
February	28	28%	8	40$	320$
March	31	16%	5	42$	210$
April	30	16%	5	50$	250$
May	31	38%	12	50$	600$
June	30	66%	20	55$	1100$
July	31	80%	25	90$	2250$
August	31	80%	25	90$	2250$
September	30	53%	16	75$	1200$
October	31	51%	16	50$	800$
November	30	33%	10	40$	400$
December	31	32%	10	45$	450$
Total	365		159		10110$
Average		42%		55$

Total invested

40,950$

Net profit

7,813$

Payback period

4.1 years

Avg property value increase per year

Open ROI calculator

Promos and discounts for House on Machavariani 63

About the project

Where is the complex located?

The residential complex is situated on Mukhran Machavarian Street No 63 in Tbilisi. This is a property of European quality with an individual design and high-quality operational characteristics.

What's around?

The construction site is located about 6 km from the historical center of the city and 2 km from Lake Lisi and the surrounding park. Not far from the new building are school number 158, the “Madagoni” store, and the Holy Cross Cathedral.

What forms of transportation are available?

A few steps from the territory of the complex is the final stop of bus route No. 27. Also nearby is bus number 89, which will get you to Lisi, Digomi Park, the “Didube” bus and metro station, and the “Delisi” metro station. By car, you can quickly get to Marshal Gelovani Avenue and the Right embankment.

What are the project features?

The residential complex on M. Machavariani 63 in Tbilisi consists of three buildings with 11, 12, and 13 floors. The buildings have a solid monolithic frame, which was built using the A-500 armature, which has improved reliability characteristics. High-quality “Caparol” paint is used for the decoration of the facades of the houses. This will retain the attractive appearance of buildings for a long time.

Two elevators are installed in each of the houses, which were jointly produced by German and Turkish manufacturers. The buildings provide underground parking, as well as commercial premises on the ground floors.

The buildings were built on a plot with a height difference, which was reflected in the design of the yard territory. The public areas here are located on several levels and there are convenient sidewalks and safe stairs to move from one spot to another.