Utiashvili 20 in Tbilisi

Name: Sales in Utiashvili 20 started!
Start: 2021-06-01T08:34:39.369655+00:00
End: 2023-12-31T23:59:59+0000
Location: Utiashvili 20

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Project info

Object ID: 12402

Finished at	August 2021
Price, m²	From 580$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 70.10 m²
Floors	8
Apartments	28
Condition	Without finishing
Ceiling height	3.00 m.
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Nearby subway stations Samgori 9 min Varketili 17 min Isani 18 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

40,600$

Net profit

7,813$

Payback period

4.0 years

Avg property value increase per year

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Promos and discounts for Utiashvili 20

About the project

Where is the complex located?

The residential complex is located on Valeria Utiashvili Street, Building No. 20 in Tbilisi and is being built by Recon +. The building plot is located on the territory of the Vazisubani district, away from the central part of the city. This is a typical suburban area with the necessary infrastructure.

What's around?

Nearby is the small green October 15 park. You can do the shopping at several grocery stores or the Nikora supermarket. A little further, but also within walking distance, is the Carrefour hypermarket and the Hualing Tbilisi Sea Plaza shopping center.

Schools No. 90, 92, and 172 are within a 10-minute radius. The Tbilisi Central Hospital is located near several other medical institutions.

How to get around?

The nearest public transport stops are on Sandor Petofi Street, which is only a few steps away from the complex. Buses No. 20, 25 depart here at various intervals. Bus No. 19 runs a little further along Kvachantirazde Street. About 400 meters from the new building is the funicular station. The nearest metro station is “Varketili”, at a distance of just under 2 km. By car, you can quickly get to Zurab Pataridze Street and the Kakheti Highway.

What are the technical features?

The residential complex on Valeria Utiashvili 20 in Tbilisi is a relatively small 8-story building with a complex shape and vibrant architecture. The facades are decorated with classic-colored bricks, which perfectly complement the dark metal balcony railings.

The yard is small, but everything needed for a comfortable rest or a family stroll is available.