Mandelshtam 2 in Tbilisi

Name: Mandelshtam 2
Brand: GT Invest
SKU: 23668
Availability: InStock

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Project info

Object ID: 23668

Finished at	August 2024
Price, m²	From 800$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 42.90 m²
Floors	17
Apartments	155
Condition	Black walls
Construction type	Monolyth
Security	—
Conveniences	Parking Underground parking Kids playground Near school Near kindergarten Near supermarket Near hospital Nearby subway stations Varketili 5 min Samgori 12 min
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Personal discount certificate 300$
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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

33,600$

Net profit

6,783$

Payback period

3.7 years

Avg property value increase per year

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About the project

The construction company "Jiti Invest" is building a multi-apartment residential building in Osip Mandelshtam Street #2, Tbilisi. The building (residential, commercial) has 17 floors. There is a parking lot for 38 cars on the first ground floor and also on the underground floor, and another 24 open parking spaces near the building. (including 4 for persons with disabilities). On the 2nd and 3rd floors there are office spaces, and from the 4th to the 17th floor there are residential apartments.

The structure of the building is a structural frame based on a reinforced concrete foundation slab, which consists of reinforced concrete columns, coils, inter-floor roofing slab, the staircase structure is made of reinforced concrete, masonry block (20x40x20), insulating layer, sand-cement screed, waterproofing is used to fill the wall.

Finishing of the facade of the building has been decided: travertine textured decorative plaster, and cladding of balconies with facade composite material (wooden texture).

The building will be covered with a flat roof, an insulating layer, a waterproofing membrane and a bitumen insulating film will be arranged on the roofing tile.

A fire hydrant will be arranged at the entrance of the project area. The building will also be equipped with an automatic fire alarm system, which means smoke detectors and fire detectors. The company "Jiti Invest" offers a real so-called The "white frame" in which the iron entrance is provided

Doors, metal-plastic stained-glass windows, partitions removed with blocks (at the request of the customer), electrical wiring point, water drainage and ventilation

Stands, internal distribution from the gas supply stand, stretching the floor, plastering the walls.

The residential building consists of 2 entrances with a connecting corridor, two elevators and a staircase that is used from the parking lot to the end of the apartment.

to the floor. The ceiling height of the apartments in the finished state of the apartment is 2.90 meters. All residential areas will have summer areas from 4 to 11 square meters.

It is possible to combine or divide apartments (minimum area 42.9 sq.m., and maximum area according to desire) with their free planning of stained glass windows