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AI Investment Summary

Argo Family has a D investment grade. The rental model estimates about $4,910 a year after taxes and maintenance. Simple payback is around 24 years once letting begins. The rental horizon is long. Argo Group XXI has two completed projects, while this building is still under construction.

52.9
Final score
52.9
60
Liquidity
60
Net yield
4.2%
Appreciation potential score
42/100
Exit score
41.8/100
Investment grade
D
ADR
40 $
Occupancy
39%
Annual net rent
4,906 $
Primary Strategy: Balanced

Overview

Argo Family (Argo Group XXI) Key benefits: 8 min walk to the beach. 8-storey residential building. 3m ceilings. Green frame finish. Location: 22 Nikoloz Baratashvili St, Batumi. Near Batumi Sea Port (740m), Argo cable car station, 20 min from airport. Tech: Monolithic-frame. Architectural lighting. High-capacity elevator. Amenities: Gated courtyard, commercial spaces on ground floor (grocery store, coffee shop, yoga studio), 24/7 video surveillance. Units: Studios, 2-3-room apartments (44–62.2 m²). Ceilings 3m. Green frame finish. Purchase terms: Installment plans. Current discounts available.

Project details

Construction status· Under constructionDelivery· 2026Area range· 44-62.2 m²

Finish options

Green frame

Construction technology

Monolithic frame

Elevators

Yes
Layouts
Layouts are not published for this project yet.
Location

Airport District: Batumi’s Emerging Growth Area

Located in the southern part of Batumi, around the international airport and close to the New Boulevard, this rapidly developing district is seeing new residential complexes, commercial properties, and urban infrastructure emerge side by side. Buyers are attracted by relatively affordable entry prices and the potential for long-term property value growth as the area continues to develop.

Pros: Convenient transport connections — around 10–15 minutes to central Batumi, depending on traffic, and quick access to the main roads leading towards the Turkish border. The pebble beach is within walking or short driving distance, depending on the property’s exact location. Prices are generally more accessible than in central Batumi, making the area attractive to buyers seeking a modern new-build at a lower entry point. Local markets, shopping facilities, and everyday services are also available nearby.

Cons: Aircraft noise may occasionally be audible, particularly in properties located closer to the airport. Traffic can become heavier during the summer, especially on routes leading towards the Turkish border. The district currently has fewer premium cafés, restaurants, and landscaped parks than central Batumi, although its infrastructure continues to expand.

✅ Who it suits: Investors considering one of Batumi’s developing residential areas; frequent travellers who value proximity to the airport; budget-conscious buyers seeking a modern new-build near the coast without the premium prices of central Batumi; and car owners and business travellers who appreciate convenient road connections.

City
Batumi
District
Airport
Address
Nikoloz Baratashvili St, 22

Nearby travel times

Walk to sea
29 min
Walk to park
27 min
Walk to school
19 min
Nearest major mall
Metro City Forum AVM
Drive to mall
5 min
Argo Group XXI is a Georgian real estate developer with market history since 2017 and 2 completed projects and 2 current projects visible in the portfolio. On HomeRadar, the developer is represented by projects such as Stepane Zubalashvili st.12a, Argo Family, Mamia Komakhidze St, 97, and Revaz Komakhidze St, 7. The portfolio has a clear focus on central Batumi, one of the more recognizable Batumi search locations. The offer is most relevant for buyers who prioritize a specific city location and want to compare the project on its own merits.
More about the developer

Argo Family

Batumi, Airport, Nikoloz Baratashvili St, 22

Price from
117,320 $
Price per m²
2,750 $ / m²