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AI Investment Summary

Bi Residence is complete, but the developer's apartments are sold out. Without the price of a specific resale unit, a rental return or payback figure would be misleading. The finished building lets buyers inspect the apartment before committing. An investment calculation should use that unit's actual price and expected rental demand.

Final score
SOLD OUT
50
Liquidity
50
Net yield
10.8%
Appreciation potential score
Exit score
7.5/100
ADR
47 $
Occupancy
57%
Annual net rent
14,160 $
Primary Strategy: Capital Growth

Overview

Bi Residence Key benefits: 120m to the sea. 18-storey rounded tower. Swimming pool, jacuzzi, summer cinema. Mitsubishi elevators. Location: 17 Rejeb Nizharaadze St, Batumi. New Boulevard district, near Adliya Street, 120m from coast. Tech: Monolithic-frame. High-quality facade with thermal insulation. Modern glazing. Amenities: Green courtyard, playgrounds, recreation areas, open veranda, swimming pool, jacuzzi, summer cinema, cafe-bar, underground parking, 24/7 security, CCTV, concierge. Units: Studios, 1-3-bedroom apartments (28.8–146.7 m²). Finishes: white frame, black frame, or fully furnished. Purchase terms: Property management for rental income. Online account for income reports.

Project details

Sales status· Sold outConstruction status· CompletedDelivery· 2023Area range· 28.8-146.7 m²

Finish options

White frameBlack frameFully furnished

Construction technology

Monolithic frame

Utilities

ElectricityWaterSewerageGas

Elevators

Yes

Infrastructure

SpaFitness centerCommercial areasPlaygroundChildren's playground

Parking

Underground

Security & Safety

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

Heroes Alley District: Batumi’s Modern Residential and Business Center

Heroes Alley is one of Batumi’s most rapidly developing central areas, centered around Zhiuli Shartava Avenue and the surrounding streets. The area features modern high-rise residential complexes, commercial spaces, sports facilities, and other urban amenities. Located between Batumi’s historic center and the southern part of the city, the district combines convenient access to the seafront with well-developed urban infrastructure.

Advantages: modern development and a wide selection of new residential complexes; a convenient location in relation to the city center, New Boulevard, and major urban roads; shops, supermarkets, cafés, schools, and other everyday services are located nearby. The district is also home to a major football stadium, while the seafront and beach are within walking distance from many parts of the area. Heroes Alley is developing as a business and commercial hub as well, helping maintain activity throughout the year rather than only during the summer season.

What to consider: the area is still undergoing active development, so construction work may be taking place near some residential complexes. Main roads can experience heavier traffic and increased noise levels during peak hours. The density of high-rise development is gradually increasing, so buyers should consider the location of neighboring and planned projects, as these may affect future views from an apartment.

✅ Who it suits: buyers who want to live in a modern part of Batumi close to the city center and the sea; investors considering property for long-term or short-term rental; families and professionals who value well-developed urban infrastructure; and buyers who prefer new residential complexes in a rapidly developing part of the city.

City
Batumi
District
Heroes Alley
Address
Rejeb Nizharaadze St, 17

Nearby travel times

Walk to sea
33 min
Walk to park
50 min
Walk to school
18 min
Nearest major mall
Metro City Forum AVM
Drive to mall
7 min
Kasko is a Georgian real estate developer with market history since 2011 and 1 current project visible in the portfolio. On HomeRadar, the developer is represented by Bi Residence. The portfolio has a clear focus on Heroes Alley, 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. HomeRadar keeps the AI Rating hidden until there is enough verified data on the developer’s delivery history, project track record and transparency. The rating will be updated after additional verification.
More about the developer

Bi Residence

Batumi, Heroes Alley, Rejeb Nizharaadze St, 17