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1-room apartment for sale in Batumi, Rainbow — 69 m² for $83,000

$‍‍83,000
$‍1,203 per m2
$
1-room
apartment
apartment
69 m2
total area
area
11 floor
out of 13
out of 13
Number of bedrooms
Bedrooms
1 bedroom
Listed
Listed
Yesterday, 12:52
Updated
Updated
Yesterday, 13:46

Description

‼️ For sale only as a single lot 🏢 Floor: 11 🏗️ Year of construction: 2023 (ELT Rainbow) • In the building: canteen, cafe, pharmacy, SPAR. • Trendy neighborhood: fitness club with a pool, rooftop relaxation terraces, Japanese and Italian restaurants, lounge bar, open-air cinema (on the roof), etc. 📐 Total area: 69.1 sq. m (34.5 sq. m + 34.6 sq. m) 💡 Key advantage: two adjacent studios can be combined into one full-sized unit. It is feasible to plan the project as a 2-bedroom apartment. Condition and utilities: • 2 independent plumbing connections in bathrooms • floor screed completed • gas boilers installed • gas connection fee paid • construction material lifting fee paid • all necessary costs covered ⚡ The building is equipped with a generator ensuring uninterrupted operation of elevators and corridor lighting. 💰 Price: $1,200 per sq. m ($82,920 for both studios) Commission $3,000 • Removed from the management company agreement 🚗 Additionally: a large parking space (#17) is available for purchase — $15,500. 📈 Investment potential (flipping): Currently, black frames of this type sell for $1,300 – $1,400 per sq. m. This offer brings the purchase price down to only ~$1,200 per sq. m. Essentially, the buyer acquires 69.1 sq. m below market value, with gas, material transport, and all essential fees already settled. You can implement your own concept: merge the two units, create a modern 2-bedroom apartment, and sell the finished product at a significantly higher price after renovation. Excellent starting point: large area, low price per square meter, and clear potential for value appreciation.
Property ID: 858671
ლუკა
ლუკა
Agent
Agent

Building and location

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 $‍70,550 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
6 131
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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