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AI Investment Summary

Next Apartments is complete and receives a B investment grade in the model. Estimated rent is about $5,400 a year after taxes and maintenance costs, with simple payback close to 11 years. The investment base includes the renovation allowance. A finished building and a walkable route to the coast help buyers judge the actual apartment before purchase. Rental performance will depend on the unit's layout, finish and achievable occupancy.

66.8
Final score
66.8
60
Liquidity
60
Net yield
9.1%
Appreciation potential score
42/100
Exit score
44.2/100
Investment grade
B
ADR
44 $
Occupancy
61%
Annual net rent
5,396 $
Primary Strategy: Balanced

Overview

Next Apartments Key benefits: 200m to the sea. Second line from the sea (quieter location). Large panoramic windows. Improved noise insulation. Location: 19 David Mamuladze St, Batumi. New Boulevard district, near Metro City Mall and Dynamo Stadium, 3 km from airport. Tech: 20-storey monolithic-frame. Gas silicate blocks. Additional facade waterproofing. Amenities: Underground parking, children's playground, sports grounds, BBQ area, park zone, 24/7 security, CCTV, reception. Units: Studios, 1-2-bedroom apartments (26.7–56.3 m²). White frame finish. Purchase terms: Interest-free installment plan. Property management for rental income.

Project details

Construction status· CompletedDelivery· 2024Area range· 26.7-56.3 m²

Finish options

White frame

Construction technology

Monolithic frame

Utilities

GasWaterElectricitySewerageInternet

Elevators

Passenger

Infrastructure

Sports groundChildren's area

Parking

Underground

Security & Safety

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

Khimshiashvili District: Authentic Seaside Living at Accessible Prices

Located between Batumi’s Old Town and New Boulevard, Khimshiashvili is a calm, well-established neighbourhood with a genuine local character. Away from the busiest tourist areas, it is known for its open-air markets, family-run cafés serving local cuisine, public schools and convenient access to everyday services.

Pros: Proximity to the sea, with the beach within walking distance from many parts of the neighbourhood; a peaceful, unhurried residential atmosphere; fresh produce at accessible prices in local markets; and generally more affordable property options than in Batumi’s premium resort districts.

Cons: Much of the area consists of older apartment buildings and private houses, with fewer modern residential developments. The choice of leisure and resort-style amenities is also more limited, as this is primarily a residential neighbourhood rather than a tourist district.

✅ Who it suits: Local residents and international buyers looking for their first home in Georgia at a reasonable price; practical buyers who want to live within walking distance of the sea without paying a premium for a resort location; and families with school-aged children who value access to nearby schools and kindergartens.

City
Batumi
District
Khimshiashvili
Address
David Mamuladze St, 19

Nearby travel times

Walk to sea
6 min
Walk to park
14 min
Walk to school
1 min
Nearest major mall
Grand Mall
Drive to mall
1 min
Next Group works in Batumi’s resort and investment real estate segment, including branded and serviced residential formats. The HomeRadar portfolio includes several notable projects: Next Address, Next Downtown, Wyndham Residence Batumi, Radisson Residences, Next Collection, Next Gardens, Next Magnolia and Next White. Next Address stands out in particular as one of the stronger projects by liquidity, investment potential and urban location. This developer is relevant for buyers considering real estate not only for personal use, but also as a rental or capital-growth asset.
More about the developer

Next Apartments

Batumi, Khimshiashvili, David Mamuladze St, 19

Price from
41,000 $
Price per m²
2,000 $ / m²

Financing

Mortgage

Bank

TBC Bank

Terms

Mortgage available; down payment from 20%

Installment from developer

Provider

Next Group

Terms

0% installment; up to 48 months; down payment from 20%

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