Avlabari Residence in Tbilisi

Name: Sales in Avlabari Residence started!
Start: 2021-06-01T07:30:30.700940+00:00
End: 2023-12-31T23:59:59+0000
Location: Avlabari Residence

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Project info

Object ID: 12399

Finished at	March 2021
Price, m²	From 800$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 43.00 m²
Floors	6
Apartments	58
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 Avlabari 6 min Samasi Aragveli 9 min
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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

34,400$

Net profit

6,783$

Payback period

3.8 years

Avg property value increase per year

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About the project

The residential complex offers future owners modern and high-quality houses, with convenient layouts and panoramic views of one of the most ancient districts of Tbilisi - Avlabari.

The area has all the necessary social and commercial infrastructure for a comfortable life. The residential quarter is distinguished by a convenient location, modern architecture of houses, good transport accessibility, functional and diverse layouts. Some apartments have spacious terraces - for those who want more open space.

Good transport accessibility is not the only advantage of the residential complex - it is a modern new building, erected in accordance with an individual architectural project.

The new building has a heat-insulated and soundproofed facade with laminated metal-plastic windows and energy-saving double-glazed windows. High-quality and energy-efficient materials were used during the construction - a 30 cm thick pumice block, and the inner walls are faced with a 10 cm thick Bedeg block, which is the best block producer in Georgia, which allows significant savings on utility costs.