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Studio apartment for sale in Batumi, Porta Batumi Tower — 38.5 m² for $49,000

$‍‍49,000
$‍1,273 per m2
$
1-room
apartment
apartment
38.5 m2
total area
area
38 floor
out of 43
out of 43
Feature of the layout
Layout
Studio
Number of bedrooms
Bedrooms
1 bedroom
Number of bathrooms
Bathrooms
1 bathroom
Ceiling height
Ceiling height
3.3 m
Project
Project
Developer
Developer
Year of construction
Year of construction
2016
Listed
Listed
Yesterday, 08:47
Updated
Updated
Yesterday, 08:47

Description from the seller

🚨 Investment opportunity. Real estate-backed loan with a 30% annual return in USD! 🏠 A property owner in Batumi needs urgent liquidity. They are raising only $49,000, while the actual market value of the property is $98,000. 💰 The investor provides $49,000 for the property, and the contract grants the seller the right to buy back the real estate for $128,000 within one year. 📑 The transaction is officially registered at the Public Service Hall of Georgia. You become the legal owner of the property. What the investor gets: ✔ If the seller buys back: you earn $30,000 profit in 12 months. This is a +30% annual return on invested capital. ✔ If the seller does not buy back: you retain ownership of a property worth twice your initial investment. You can sell it, rent it out, live in it, or use it for other deals. Why it works: • owner's urgent need for cash • real estate-backed collateral • you are the owner from day one • full legal support from our side 📲 Interested? Message "collateral" on WhatsApp, and I will send a more detailed commercial proposal. ⏳ Such offers are rare.
Speaks: ქართული

More about the house

Egnate Ninoshvili St, 2
Porta Batumi Tower
43 floors
418 apartments
Delivered
Completed in 2016

Contact seller

Дмитрий Бурмистров
Дмитрий Бурмистров
Agent
Agent

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 $‍41,650 from the bank
years
months
Mortgage from TBC Bank
from
9,8
%
interest
rate
from
11,73
%
effective interest
rate
≈ $
3 658
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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