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AI Investment Summary

Admiral Residence has a D investment grade. Estimated rent is about $4,910 a year after taxes and maintenance. The rental case is weak: simple payback exceeds 100 years in the current model. Buyers may find clearer value in personal use and the qualities of a particular apartment.

Final score
Not enough data for an accurate score
60
Liquidity
60
Net yield
0.7%
Appreciation potential score
42/100
Exit score
31.4/100
Investment grade
D
ADR
40 $
Occupancy
39%
Annual net rent
4,906 $
Primary Strategy: Balanced

Overview

Admiral Residence (Indeco) Key benefits: Across the road from the sea. 4-storey residential building. 3m ceilings. Only 13 apartments. Location: 22 Jakob Gogebashvili St, Batumi. Near Black Sea coast, Argo cable car, Batumi Plaza, 15 min from airport. Tech: Monolithic-frame. Light brick facade with arched openings. Massive anchor installation. Mitsubishi elevators. Amenities: Ground floor with cafe and retail spaces, rooftop terrace with pergolas, architectural lighting, lounge area, cafe, underground parking, 24/7 CCTV, security. Units: 1-4-bedroom apartments (35.25–104.07 m², up to 186 m² for 4-bedroom). Ceilings 3m. Fully finished or turnkey. Purchase terms: Contact sales office for pricing and options.

Project details

Construction status· Under construction

Finish options

Fully renovatedTurnkey

Construction technology

Monolithic frame

Utilities

Heating systemAir conditioning system

Elevators

Passenger

Parking

Underground
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
Iakob Gogebashvili St. 4

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
Indeco is a Georgian real estate developer with market history since 2007 and 1 current project visible in the portfolio. On HomeRadar, the developer is represented by Admiral Residence. The portfolio gives buyers exposure to the Airport area, which can work for a more specific location-led search. For buyers, the key is to compare the exact project, price per square metre, construction stage and rental or resale scenario. 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

Admiral Residence

Batumi, Airport, Iakob Gogebashvili St. 4

Price from
703,000 $
Price per m²
5,000 $ / m²