Apartment for sale – 1-room apartment in 24 sq.m. in Batumi, Arcon Batumi Residence

“Sport” premium apartment at a price much cheaper than the Developer! An ideal investment in Batumi! We offer a ready-made rental business: a renovated turnkey studio (fully finished, furnished, interior items and appliances) in a premium complex 500 meters from the beautiful coast of Batumi, opposite the Stadium. App. 1113 Studio 24.3 meters 11th floor mountains and a piece of sea into the courtyard of the city! TURNKEY FINISHING Price 43,980 (1809 per meter) PV $24,896 Installment plan until May 30, 2024: two installments of $9542 in December and May (You can review the installment terms upon request) At this location, from developers, the price of a turnkey meter in complexes completed in 2027 is from 2000 !!! The complex has only 260 apartments, a total of 26 floors. Quieter, quieter, less competition. There is a Criminal Code, you can take You can live on your own ________________________________________________________ Resale strategy calculation Purchased $43,980 Sale December 2024 Investment period: 18 months Predicted selling price: $60,750 Price per meter $2500 100% payment Profit: $60,750 - $43,980 = $16,770 or 38% in 18 months The yield is 25% per annum ______________________________________________________________ Calculation of the passive income strategy: Turnkey facility readiness: 01.06.2024 Long term rent $500 per month Annual income: $6,000 or 13.6% Mixed rent: 8 months (October-May) — $500 per month = $4000 4 months (June-September) — $80 per day 70% occupancy rate (21 days) = $1,680 per month 4 months $6720 Total for the year: $4,000 +$6720 = $10,720 or 24% per annum Plus cost capitalization +10% per year About the Complex: Premium class Heroes Alley 500 meters from the sea, 7 minutes on foot from the historic center 26 floors, 260 apartments in total Sky-bar on the 27th floor Swimming pool, Spa center, Fitness room Restaurant Mall Underground parking The complex is gasified The complex will be put into operation in late 2024 - early 2025 !!! The complex is small, with only 260 apartments, which is a huge advantage both for living and for renting out - less competition, quieter, quieter. The projected rental profit is 10-12% per annum. Plus an increase in the cost of your apartment (at least 10% per year).