Ivertubani in Tbilisi in Tbilisi

Name: Sales in Ivertubani in Tbilisi started!
Start: 2019-10-03T14:23:20.258299+00:00
End: 2023-12-31T23:59:59+0000
Location: Ivertubani in Tbilisi

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Property for sale in Ivertubani in Tbilisi — look at the real estate search engine GEOLN.COM. Photo 1

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Project info

Object ID: 582

Finished at	September 2021
Price, m²	From 550$
Buy online	Details
Installment plan	30% down payment
Bank mortgage
Property type	Aparment building
Square	from 40.60 m²
Floors	10
Apartments	90
Building phase	Foundation
Condition	Black walls
Ceiling height	3.00 m.
Construction type	Monolyth
Elevators	2
Security	Intercom
Conveniences	Parking Commercial area Near supermarket Nearby subway stations Avlabari 5 min Tavisuplebis Moedani 12 min Marjanishvili 17 min Samasi Aragveli 18 min
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

22,000$

Net profit

5,883$

Payback period

2.7 years

Avg property value increase per year

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About the project

Georgian construction company "Mn Development" appeared on the market in 2016. He has completed houses and is now completing the construction of a multi-dwelling house.

The "MEN Development" mission is to make attractive investment projects and create standards for customer satisfaction in the field of construction. Customer-oriented individual approach to our company is a priority.

Developer

Georgian construction company "Mn Development" appeared on the market in 2016. It has completed houses and is currently completing the const…
Details about MN Development