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ELIT ZURGOVANI DEVELOPMENT in Tbilisi

Name: ELIT ZURGOVANI DEVELOPMENT
Brand: ELIT ZURGOVANI DEVELOPMENT
SKU: 27451
Availability: InStock

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Ready to show the property on an online call
It is possible to buy remotely
There is a management company

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Project info

Object ID: 27451

Finished at	September 2024
Price, m²	250000$ — 1000$
Housing class	Business
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Townhouse
Square	from 250.00 m²
Floors	2
Building phase	Completed
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Brick
Security	—
Conveniences	Parking Near school
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Free consultation	Ask a question

Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

250,000$

Net profit

9,376$

Payback period

21.3 years

Avg property value increase per year

Open ROI calculator

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About the project

Premium class townhouses are being built in Tbilisi, 150 meters from the American Village, with a parking space and a backyard.

The location is in peaceful place, away from the noise and polluted air of the city. Nevertheless, the facility is easily accessible and all kinds of shopping, educational, sports or other purpose facilities are available around.

The project is constructed according to modern standards, with high-quality construction material and insulation.

Part of the project is completed; the other part is scheduled to be completed by the end of 2024.

The completed project will include 8 residential apartments, which include:

• Land plot - up to 250 sq.m.;

• Residential building (2 floors) – up to 200 sq.m.;

• Veranda on the roof - up to 100 sq.m.;

• Basement - up to 100 sq.m.;

• Balconies and French balconies;

• Terrace with access to the yard;

• car parking place;

Price is given in black frame condition. According to the customer's request, it is possible to hand over with a white frame, green frame or complete repair condition.

Developer

Premium class townhouses are being built in Tbilisi, 150 meters from the American Village, with a parking space and a backyard.The location…
Details about ELIT ZURGOVANI DEVELOPMENT