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MAZA Development

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House on Parnavaz Mepe 21 in Tbilisi

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Project info

Object ID: 23661

Finished at	October 2025
Price, m²	From 850$
Housing class	No
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 46.00 m²
Floors	29
Apartments	355
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Underground parking Kids playground
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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

39,100$

Net profit

6,783$

Payback period

4.3 years

Avg property value increase per year

6%

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About the project

Developer

Details about MAZA Development

Hotline

+995 (558) 7000 88

Toll-free number (USA):
+1 855 588 8066

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House on Parnavaz Mepe 21 on the map of Tbilisi

st.Farnavaz Mefi Ave. 21

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