Studio apartment for sale in Batumi, Dar Tower — 35.4 m² for $52,000

Studio for sale with a balcony in Dar Tower, Batumi – in need of renovation Price: $52,000 Address: 8 Zhiuli Shartava Ave Area: 35.4 m² Floor: 7 of 35 Layout: studio The apartment is located in the Dar Tower complex, in an area with a developed infrastructure. The sea, beach, cafes, restaurants, and shops are all within walking distance. The balcony offers views of the sea and mountains. The studio features a kitchen area and is equipped with furniture and appliances, including a double bed, wardrobe, dining table, TV, air conditioning, refrigerator, microwave, and washing machine. Condition of the Apartment The apartment has been closed for a long period and is being sold in its current condition – requiring diagnostics and renovation. There is visible moisture damage to the finishes in the room, hallway, and the washing machine niche: wallpaper is bubbling and peeling in places, and mold has been found in some areas. The price reflects the current condition. Current photos and videos show the existing damage. Viewing with your specialist to assess the condition and upcoming costs is possible. Usage Potential The studio was previously used for short-term rentals. Once the moisture issues are resolved and necessary repairs are completed, it can be considered for personal use or as a rental property. Currently, the apartment requires renovation and is not offered as a move-in ready unit. Documents and Sales Terms The property has an existing mortgage with the Bank of Georgia. The plan is to settle the loan using part of the purchase funds and release the encumbrance as part of the transaction. The payment and registration process will be agreed upon in advance with the participation of the bank and a lawyer. For additional information, up-to-date video, or to schedule a viewing, please message or call via WhatsApp.