5-room apartment for sale in Tbilisi, Ioseb Imedashvili St, 2 — 162 m² for $191,000

Apartment with redevelopment potential for rental product (Tbilisi, Saburtalo) Property Details • Location: Gagarina district, Imedashvili St, 2 • Area: 162 sq. m • Floor: 5 • Rooms: 5 • Condition: white frame • Balconies: yes Price: $191,000 ($1,180 / sq. m) Direct seller price with no broker markup. Investment Proposal Designed as a redevelopment project: remodeling the apartment into 4–5 separate studios for subsequent rental or sale as a turnkey investment product. A division concept and basic design project have already been developed, significantly reducing the implementation timeline. Investment Estimates: • Purchase: $191,000 • Renovation & furnishing: ~$400–600 / sq. m • Total budget: ~$255,000 – $290,000 Income: Long-term rental: • ~$2,000 – $3,000 / month • ~8–14% ROI per annum Short-term rental: • higher yields under operational management The seller is ready to provide the following under a separate agreement: • transfer of the layout solution • renovation supervision • full furnishing for rental standards • consultations on launch and operational formats Investment Logic: 1. The project follows a proven Tbilisi model: increasing profitability by dividing a large area into small, highly liquid units. 2. Primary value is added not through market growth, but through: • strategic remodeling • high-quality renovation • correct product positioning Contact us for a detailed discussion and to schedule a viewing.