Studio apartment for sale in Tbilisi, Bochorma St, 18 — 65 m² for $155,000

Urgent sale at the price of a white frame! Construction prices in this area reach up to $2,000/sq. m. TBC Bank valuation is $157,000, but I am selling it significantly lower. The property is insured by IRAO for $153,000 and is located in the prestigious Sanso building in Avlabari, the heart of Old Tbilisi. The renovation follows a hotel-apartment style, featuring 2 large bedrooms and a small living room. This layout is optimized for investment, as tourists prioritize more sleeping space. It includes an isolated kitchen, providing access for residents of both rooms while keeping cooking smells away from the living areas, and an 8 sq. m walk-in wardrobe. Each room is equipped with: • private refrigerators • independent air conditioning • large TV • custom Belux furniture (solid wood with storage for up to 5 suitcases) • 5 tables and additional furniture One bedroom can easily be converted back into a standard living room if desired. For short-term rentals, monthly income ranges from 2,200 to 3,000 GEL. The layout accommodates up to 6 guests (4 adults and 2 children). Daily rates on Airbnb and Booking range from 120 to 160 GEL, with an occupancy of 22–28 days per month. Location highlights: • 300 Aragveli Metro — 2 minutes • bus stop — 30 meters • major supermarkets — 50 meters • SEU University — 5 minutes • Shardeni Street — 3 minutes by car Total area is 65 sq. m. Both rooms feature panoramic windows with views of the Funicular and Old Tbilisi. Currently rented to foreigners for 1,500 GEL/month (contract can be terminated). Selling urgently to fund a private house construction. Renovated 3 years ago using high-quality Spanish and German materials. Cadastral code: 01.17.13.041.023.02.184. The building is fully completed, registered with the city hall, and inhabited. All documents are in order. Features 24/7 security, video monitoring, and courtyard parking. Price is negotiable. I am the owner. WhatsApp, Viber, Nika