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Apartment for sale – Apartment in 125 sq.m. in Batumi, Subtropic City

Sherif Khimshiashvili St, 1
‍‍531 722 ₾
‍4 253 ₾ per m2
commission-free
$
125 m2
total area
area
3 floor
out of 19
out of 19
Feature of the layout
Layout
Free layout
Number of bathrooms
Bathrooms
3 bathrooms
Ceiling height
Ceiling height
3 m
Project
Project
Developer
Developer
Year of construction
Year of construction
2016
Listed
Listed
Today, 11:42
Updated
Updated
Today, 11:42

Description from the seller

💼 A ready-made mini-hotel by the sea 📍 1 Sheriff Khimshiashvili St., Batumi The apartment is 125 m2, professionally redeveloped into 4 separate studios. Each studio has a full—fledged room: — bathroom — living room and sleeping area — separate counters — new furniture and appliances — high-quality repairs — fire extinguishing sensors 💰 Finmodel — Income per season (June–September): • $40/day for downloads from 50% to 65% • From 4 apartments: $11,200 — Off-season income (8 months): • Average $300/month/apartment • From 4 apartments: $9,600 📊 TOTAL annual income: $19,360 excluding expenses • Price: $195,000 • Payback period: 10 years • ROI: ~10% per annum 📦 Total financial result for 10 years: • Rental income: $193,600 • Minimum cost growth forecast: + $97,500 • Total: $291,100 net profit • ROI: +149% • Average annual return: ~14.9% ✅ Why it is profitable: • Starting a business from the first day • 1st line — liquidity and demand all year round • Maximum tourist traffic - City center • 4 separate studios - more flexibility and income

Building location

Batumi, Rustaveli District,
Sherif Khimshiashvili St, 1

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 ‍451 964 ₾ from the bank
years
months
Mortgage from TBC Bank
from
12,9
%
interest
rate
from
15,02
%
effective interest
rate
40 347
payment for
month
563 922
total for real
estate
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 — TIBR1M. An additional fee for life/property insurance is added to the monthly payment.
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