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1-room apartment for sale in Tbilisi, Krtsanisi Resort Residence — 50.7 m² for $152,100

$‍‍152,100
$‍3,000 per m2
$
1-room
apartment
apartment
50.7 m2
total area
area
2 floor
out of 6
out of 6
Number of bedrooms
Bedrooms
1 bedroom
Additional
Additional
Terrace 10.5 m2
Listed
Listed
Today, 17:01
Updated
Updated
Today, 17:01

Description

Investment apartment for assignment | 50.7 m² The 1st floor on documents is effectively at the height of the 3rd floor due to the commercial stylobate part of the building — offering comfortable height, privacy, and good views. Investment lot for sale via assignment in a premium project under construction. Property parameters: • total area — 50.7 m² • living area — 40.2 m² • kitchen-living room — 21.7 m² • bedroom — 11.5 m² • private terrace — 10.5 m² • delivery date — 2029 Assignment price $3,000/m² Total price — $152,100 Notably, the developer currently offers similar lots starting from $3,300/m², allowing the investor to enter the project below current market prices. Investment Strategy Scenario 1 — exit via assignment in one year Projected value growth — up to $4,500/m². At $4,500/m², the property value will be: $228,150 Potential capital gain: $76,050 Return on investment: +50% To realize profit, it is not necessary to wait for construction to finish — the property can be resold via assignment. Scenario 2 — wait for handover in 2029 Projected value at the time of delivery — $5,000–5,500/m². At $5,000/m², apartment value — $253,500 Capital gain — $101,400 / +66.7% At $5,500/m², apartment value — $278,850 Capital gain — $126,750 / +83.3% Rental strategy after delivery After receiving keys and completing renovations, the property can be kept for regular rental income. Estimated rental rate — $1,500/month, or approximately $18,000 per year before expenses. Thus, the property fits two strategies: profit from value appreciation and exit via assignment before delivery, or wait for handover to secure higher capitalization and keep the unit for passive rental income. Entry price today — $3,000/m², compared to the developer's current price of $3,300/m² for similar units. Interest-free installment plan from the developer: • down payment (36.4%): $55,374 • balance: $96,726 • term: 42 months • monthly payment: $2,303 A promising asset for capital growth during the construction phase and generating stable passive income from rentals after completion.
Property ID: 908875

Building and location

Krtsanisi 2nd Lane, 41
Tbilisi, Krtsanisi District, Krtsanisi Resort Residence, Apartments 3-4-5
6 floors
Completed in 2023
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 $‍129,285 from the bank
years
months
Mortgage from TBC Bank
from
7,8
%
interest
rate
from
8,71
%
effective interest
rate
≈ $
11 234
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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