Mirian Mepe 111 in Tbilisi

Name: Sales in Mirian Mepe 111 started!
Start: 2021-05-25T08:28:10.643360+00:00
End: 2023-12-31T23:59:59+0000
Location: Mirian Mepe 111

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Project info

Object ID: 12323

Finished at	December 2021
Price, m²	From 520$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 47.25 m²
Floors	9
Apartments	31
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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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

24,440$

Net profit

6,783$

Payback period

2.7 years

Avg property value increase per year

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About the project

Where is the complex located?

The new building is located in the 4th quarter of the Didi Digomi, on Tsar Mirian Street 111 in Tbilisi. The location is characterized by comfortable ecology and good transport accessibility. The building density is low and the complex is mainly surrounded by cottages and private houses.

What's around?

The infrastructure nearby is not as diverse as in the center, but most of the things needed in everyday life are within walking distance. The area is home to School number 192, the Eco Mart grocery store, the Ori Nabiji supermarket, and the St. Nicholas Church.

What are the transport options?

Bus routes No. 14, 15, 21, 32, and 54 run along Tsar Mirian Street. By car, you can quickly go to Agmashenebeli Alley, which is 3 km away. The nearest metro station, “Sarajishvili”, is more than 5 km away.

What are the technical features of the complex?

The residential complex on Tsar Mirian 111 in Tbilisi is a relatively small L-shaped building with 8 floors. Construction is carried out using monolithic frame technology. The architecture is modern and gray materials are used for the decoration of the facades, providing a stylish and dynamic look.

The ground floor is reserved for commercial facilities.