Kazbegi Residence in Tbilisi

Name: Sales in Kazbegi Residence started!
Start: 2022-05-09T08:25:05.316748+00:00
End: 2023-12-31T23:59:59+0000
Location: Kazbegi Residence

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Project info

Object ID: 20275

Finished at	December 2025
Price, m²	From 1080$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 54.70 m²
Floors	29
Apartments	200
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 Delisi 4 min Vazha-Pshavela 13 min Medical University 21 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

58,320$

Net profit

7,229$

Payback period

6.1 years

Avg property value increase per year

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About the project

Kazbegi Residence is a premium multifunctional residential complex that includes:

- 3 residential blocks

- 1000 sq.m. recreational area with children's playgrounds

- 2 level closed garage

- 2 commercial and office floors

- Penthouses located on the top floors of the building.

The facade of the building is covered with natural travertine and composite panels. Perlite block is used in the construction, which provides high level of sound, heat and vibration insulation. Also, additional warming of the facade will be done. The stained glass part of the building consists of black double-glazed metal-plastic doors and windows. The balconies will be covered with frost-resistant tiles.

Concierge, protection and cleaning service will take care of the comfort of the residents.

The project also has a convenient location - located near the shopping center "City Mall Saburtalo".

Developer

The company "Xor" was founded in 2014, the founders together with the main team have many years of experience in the field of construction. …
Details about X2 Development