35 photos

4-room apartment for sale in Batumi, Akaki Tsereteli St, 6 — 80 m² for $87,000

$‍‍87,000
$‍1,088 per m2
commission-free
₾
$
4-room
apartment
apartment
80 m2
total area
area
3 floor
out of 5
out of 5
Number of bedrooms
Bedrooms
3 bedrooms
Number of bathrooms
Bathrooms
1 bathroom
Listed
Listed
7 hours ago
Updated
Updated
7 hours ago

Description

🔥 Investment opportunity in the center of Batumi! An apartment for those who view real estate not just as a place to live, but as an investment with significant capital appreciation potential. 📍 Batumi, Akaki Tsereteli St. 🏛 Old City — right across the road 📐 Area — 80 sq. m 🛏 3 bedrooms 🚪 4 rooms 🏠 Old housing stock 🔨 Requires major renovation 📊 Purchase price — only about $1,088 per sq. m in the central part of Batumi. Why is this property interesting for an investor? • large area — 80 sq. m • central location • Old Batumi in the immediate vicinity • clean documents • bank appraisals available for mortgage • price is significantly lower than many offers in new buildings in the center 🔥 Main investment potential — possible renovation of the building. According to information from the owner, the building may eventually fall under a renovation/demolition program. If this scenario is realized, the estimated compensation is approximately $2,000 per sq. m. 80 sq. m × $2,000 = $160,000 Current purchase price — $87,000 Potential difference — $73,000 This represents a potential growth of about 84% of the purchase price. ⚠️ Important: the inclusion of the building in the renovation program, the timeline, and the amount of future compensation are not guaranteed. This is an investment scenario that the buyer should evaluate independently. At the same time, the apartment remains a solid asset: it can be renovated, used for living, rented out, or resold.
Property ID: 1005388
1 more duplicate
We have grouped all duplicates of this listing together.
View
Bina Batumi
Bina Batumi
Realtor of the agency Bina Ba2mi
Realtor of the agency Bina Ba2mi
Speaks: english, русский, ქართული

Building and location

Akaki Tsereteli St, 6
Batumi, Bagrationi District
All listings for sale

Mortgage for buying real estate

Please note that all calculations provided are approximate. For the final figures, we recommend consulting with both the bank and the seller
GEL
USD
You borrow $‍73,950 from the bank
years
months
Mortgage from TBC Bank
from
7,4
%
interest
rate
from
8,3
%
effective interest
rate
≈ $
6 412
monthly payment, a life/property insurance fee is added to the monthly
payment
The provided Nominal and Effect Interest Rates represent the minimum credit facility amount. The actual values will be specified at the time of credit approval. The interest rate given in the table is linked to the public index — Term SOFR.
Do you like this apartment?
Add to favorites so you will not lose it or send a link to someone who helps you with the choice of housing
How can we improve this page?