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4-room apartment for sale in Batumi, Sherif Khimshiashvili St, 25 — 84.6 m² for $140,000

$‍‍140,000
$‍1,654 per m2
commission-free
₾
$
4-room
apartment
apartment
84.63 m2
total area
area
2 floor
out of 9
out of 9
Number of bedrooms
Bedrooms
3 bedrooms
Number of bathrooms
Bathrooms
1 bathroom
Living area
Living area
60 m2
Kitchen area
Kitchen area
8 m2
Ceiling height
Ceiling height
3 m
Additional
Additional
Balcony
Listed
Listed
14 days ago
Updated
Updated
7 days ago

Description

84 m² on the first line of the sea | Grand Mall | $140,000 | Exclusive An unusual investment property for those who know how to wait. 84 m² in an old building on the first coastline, in the Grand Mall area. Currently, this is an apartment requiring full renovation. However, the value lies not in its current state, but in its location and the potential for building reconstruction. The building is under consideration for future buyout or reconstruction. This property is ideal for an investor ready to commit now and wait for the project's realization. Apartment area — 84 m². Based on the discussed 1:2 ratio scenario, the potential area in a new project could reach approximately 168 m². Essentially, you are purchasing 84 m² on the first line for $140,000, with the core investment value being the future replacement of the old stock with a new development. 📍 First coastline 📍 Grand Mall area 📐 84 m² 🏢 2nd floor 💰 $140,000 🔑 Exclusive offer
Property ID: 922714
Dari Tovkach
Dari Tovkach
Agent
Agent
Speaks: русский, english

Building and location

Sherif Khimshiashvili St, 25
Batumi, Khimshiashvili District
1985
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 $‍119,000 from the bank
years
months
Mortgage from TBC Bank
from
7,4
%
interest
rate
from
8,3
%
effective interest
rate
≈ $
10 319
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.
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