Status House by Elt Building

AI Investment Summary

Status House has a B investment grade, with projected rent of about $5,280 a year after taxes and maintenance costs. Renovation is included in the investment base, giving simple payback of roughly 12 years after letting starts. The residential setting and short drive to Metro City are useful strengths. Handover is planned for Q4 2027, so rental income comes later.

69.7

Final score

69.7

Liquidity

Net yield

8.5%

Appreciation potential score

59.7/100

Exit score

47.6/100

Investment grade

ADR

44 $

Occupancy

61%

Annual net rent

5,284 $

Primary Strategy: Balanced

Overview

Status House by Elt Building Key benefits: 270m to the sea. 18-storey residential tower. 5-minute walk to Lech and Maria Kaczynski Park. Bike parking on-site. Location: 5 Adlia St, Batumi. New Boulevard district, 7 min from airport, 20 min from Batumi center. Tech: Monolithic-frame. Panoramic windows. Open balconies with tempered glass railings. Multi-level facade lighting. Amenities: Landscaped courtyard, children's playground, tennis court, basketball court, mini-golf area, sports grounds, bike parking, underground parking, concierge, lobby, 24/7 security, CCTV. Units: Studios, 1-3-bedroom apartments (33.03–84.91 m²). Ceilings 3m. White frame finish. Purchase terms: Mortgage from TBC Bank.

Project details

Construction status· Under constructionDelivery· Q4 2027Area range· 33.03-84.91 m²

Finish options

White frame

Construction technology

Monolithic frame

Infrastructure

Recreational areaChildren's playgroundSports groundPlayground

Parking

Underground

Security & Safety

Reception

Utilities

Gas

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

Adlia St, 5

Nearby travel times

Walk to sea

18 min

Walk to park

9 min

Walk to school

15 min

Nearest major mall

Metro City Forum AVM

Drive to mall

2 min

Elt Building

ELT Building is a Georgian real estate development company operating since 2017. The company primarily focuses on residential and investment-oriented developments in Batumi.

The developer’s portfolio includes seven completed projects: Sunrise, Rainbow, La Quinta by Wyndham, Sunset, Optima Residence, Compact House, and Marina Club. ELT Building is currently developing two projects in Batumi — OXY Residence and Status House.

The company delivers a range of property formats, from residential complexes designed for permanent living to apart-hotels and investment properties. ELT Building also cooperates with international hospitality brands, strengthening its experience in the development and management of tourism and hotel-oriented real estate.

More about the developer