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2-room apartment for sale in Batumi, Rainbow — 70 m² for $80,000

$‍‍80,000
$‍1,143 per m2
$
2-room
apartment
apartment
70 m2
total area
area
11 floor
out of 15
out of 15
Number of bedrooms
Bedrooms
2 bedrooms
Number of bathrooms
Bathrooms
1 bathroom
Additional
Additional
Balcony
Listed
Listed
Yesterday, 11:51
Updated
Updated
Yesterday, 11:51

Description

Adjoining studios in ELT Rainbow 🌈 — 70 m² for living or profitable flipping ‼️ Sale as a single lot 11th floor ELT Rainbow, built in 2023. • In the building: canteen, cafe, pharmacy, SPAR Trendy neighborhood: • fitness club with a swimming pool • rooftop terraces for relaxation • Japanese and Italian restaurants • lounge bar • rooftop cinema, etc. Total area — 69.1 m²: 34.5 m² + 34.6 m². A key advantage is that two adjacent studios can be combined into one complete unit. There is an opportunity to design a layout with two bedrooms. Condition and utilities: • two plumbing connections for bathrooms • floor screed completed • gas boilers installed • gas paid for • construction material delivery paid for • all necessary expenses covered The building is equipped with a generator ensuring uninterrupted operation of elevators and corridor lighting. 💰 Price — $80,000 for both studios A large parking space No. 17 can be purchased separately for $15,500. 📈 Excellent flipping potential Currently, shells in this format are listed from $1300 – $1400/m². Here, the purchase price is only about $1150/m². This means the buyer gets 69.1 m² at a price lower than the current market value for a shell, while gas, material delivery, and essential costs are already paid. Moving forward, you can realize your own concept: combine the two units, create a modern two-bedroom apartment, and sell the finished product at a much higher price after renovation. Great entry point: large area, low price per m², and clear potential for value appreciation.
Property ID: 848795
Валерия Оглезнева
Валерия Оглезнева
Agent
Agent
Speaks: русский, english

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 $‍68,000 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
5 909
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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