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House on Tsintsadze 17 in Tbilisi

Name: Sales in House on Tsintsadze 17 started!
Start: 2020-01-10T06:40:18.770069+00:00
End: 2023-12-31T23:59:59+0000
Location: House on Tsintsadze 17

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Project info

Object ID: 3485

Finished at	December 2020
Price, m²	From 950$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 38.00 m²
Floors	8
Apartments	58
Building phase	Carcase finished
Condition	Without finishing
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Medical University 7 min Technical University 11 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

36,100$

Net profit

5,883$

Payback period

4.5 years

Avg property value increase per year

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Promos and discounts for House on Tsintsadze 17

About the project

The best space for you and your family ”

Buy real estate in the center of Saburtalo - a prestigious place on Saburtalo (Tsintsadze Street) N17 (Carrefour) and get the best conditions.

🔶 Area - from 50 m2;

🔸 Price - from 2700 GEL;

🔶 Condition - Premium Grade White or Fully Renovated;

🔸 Deadline - end of 2020;

Our advantages:

The building is located in the best part of downtown Tbilisi;

Nearby shopping center;

✅ The building is built 70 meters from the main street, which will protect you from excessive noise and traffic jams;

✅ The building will have two-level parking, which will fully meet the needs of the residents and also open parking spaces, which will be very comfortable for guests coming to you :)

Only high quality construction materials (ceramic bricks, travertine, marble, etc.) are used for construction;

Main advantage:

The project is being built in accordance with the new regulations, which will ensure strict oversight by supervisory authorities at all stages of construction and the greening environment.