Studio, 34.9 m², 17 floor in "7th Heaven Residence"

Batumi, Airport, 53 Sherif Himshiashvili Street
Studio, 34.87 m², 17 floor, 7th Heaven Residence in Batumi

About apartment

  • Article

    57,085
  • Numeration

    1707
  • Floor

    17
  • Roominess

    Studio
  • Price

    $488,180
  • Price / m²

    $14,000
  • Total area

    34.9 m²

About project

7th Heaven Residence

53 Sherif Himshiashvili Street
53 Sherif Himshiashvili Street

2 buildings, 261 apt.

261 apartments in
  • Cost per m²

    $1,700
  • Floors

    40
  • Distance to the sea

    60 m
  • District

    Airport

Description

Rental opportunity is formed due to tourist flow of the Airport district, with main tenants being transit guests, aviation industry specialists, and airport tourists. Batumi’s tourist potential remains stable as the city attracts visitors year-round. This allows maintaining apartment occupancy throughout different seasons, supporting consistent rental income for property owners.

An apartment with 34.87 square meters represents a compact format ideal for tourist rental in Batumi. Studios and small one-bedroom units require smaller investments while finding tenants quickly among tourists visiting the Airport district. This метраж aligns with market logic where compact formats demonstrate high occupancy rates in the short-term rental segment.

Apartments positioned on the 17 floor attract diverse tenant profiles in Batumi’s rental market. Middle levels satisfy both tourists seeking views and permanent residents preferring moderate elevation. This floor range represents versatile appeal within the two-building complex completed in 2024.

The $488,180 valuation accounts for rental income potential in Batumi’s tourist-driven Airport district. Compact formats requiring smaller investments demonstrate faster tenant placement among visitors. This pricing enables investors to achieve quicker exit to rental income compared to higher-priced alternatives in the coastal market.

This property serves both rental business and personal residence needs within the resort zone. Foreign ownership without restrictions expands investment options while management company minimizes owner participation. The format addresses diverse buyer objectives in Batumi’s tourist accommodation market.

Map

Interest-free installment
Down payment, $Monthly payment:Duration, month
30% - $146,454$9,492up to 36 months

Price dynamics

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