Alpha on Vazha-Pshavela in Tbilisi

Name: Alpha on Vazha-Pshavela
Brand: Alpha Residence
SKU: 12338
Availability: InStock

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Project info

Object ID: 12338

Finished at	March 2022
Price, m²	From 850$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 62.00 m²
Floors	12
Apartments	126
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Spa Fitness Pool Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Vazha-Pshavela 1 min State University 14 min Delisi 17 min
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Personal discount certificate 300$
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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

52,700$

Net profit

7,813$

Payback period

5.2 years

Avg property value increase per year

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About the project

Developer

Construction company Alpha Residence was founded in 2017. However, history begins in 2004. We, the founders of the company, have accumulated…
Details about Alpha Residence