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Studio apartment for sale in Batumi, Rainbow — 33.2 m² for $64,500

$‍‍64,500
$‍1,943 per m2
commission-free
$
1-room
apartment
apartment
33.2 m2
total area
area
4 floor
out of 15
out of 15
Feature of the layout
Layout
Studio
Number of bathrooms
Bathrooms
1 bathroom
Listed
Listed
Today, 10:08
Updated
Updated
Today, 10:08

Description

Building completed! Apartment for sale by owner Ap. 337 Studio, 33.2 sq. m, 4th floor Full turnkey finishing View of the courtyard and mountains Price: $64,500 ($1,943 per sq. m) New Boulevard area (popular tourist location): • 150 m to the sea. The project features its own private sandy beach, a beautiful long seaside park, a large shopping mall with a food court, shops, and restaurants all within walking distance • 30-minute walk to the historical city center along the promenade ELT Quarter: a global development project consisting of several residential complexes by a single developer. Two buildings are already completed and operational, and their full infrastructure is available for use. The project includes its own yacht club, marina, and the only sandy beach in Batumi. Complex infrastructure: • landscaped courtyard with a park and children's attractions • open and covered parking • green communal terrace with an outdoor pool, jacuzzi, summer cinema, and cafe-bar • high-quality elevators (Hyundai & Kone) • high-quality thermal-insulated facade with heat-resistant glass • 24-hour administrative service with video surveillance and security • on-site car service • free seasonal electric shuttles • 24-hour backup power supply for elevators and common areas • fitness centers and saunas • fire safety system • commercial spaces for various purposes • apartment management service The apartment is fully turnkey ready. Management company: the complex is investment-oriented with an international management operator. Rental income is split 60/40 (60% to the owner, 40% to the management company). The projected net ROI for the owner is 10–12% per annum. Feel free to message with any questions
Property ID: 782763

Building and location

Adlia Street, 6
Batumi, Airport District, Rainbow
15 floors
Completed in 2024
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 $‍54,825 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
4 764
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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