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AI Investment Summary

Nite Residence has a C investment grade. The rental model estimates about $6,760 a year after taxes and maintenance. Including renovation, simple payback is around 10.5 years once letting begins. Handover is planned for Q3 2027, so the wait before the first rental income matters.

63.3
Final score
63.3
60
Liquidity
60
Net yield
9.7%
Appreciation potential score
43/100
Exit score
40.1/100
Investment grade
C
ADR
63 $
Occupancy
46%
Annual net rent
6,761 $
Primary Strategy: Balanced

Overview

Nite Residence (Nite Development) Key benefits: Chakvi location. 7-storey residential building. Underground parking. Green frame finish. Location: 73b Tamar Mepe St, Chakvi. Tech: Monolithic-frame. Amenities: Underground parking, reception. Units: Apartments (35–58 m²). Green frame finish. Purchase terms: Contact sales office for pricing and options.

Project details

Construction status· Under constructionDelivery· Q3 2027Area range· 35-58 m²

Finish options

Green frame

Construction technology

Monolithic frame

Elevators

Yes

Parking

Underground

Security & Safety

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

Green Cape: A Peaceful Residential Retreat Surrounded by Nature

Located north of Batumi, close to the Botanical Garden, Green Cape is known for its lush natural surroundings, low-rise architecture and tranquil atmosphere. With many buildings limited to five or six floors, the area feels more open and less densely developed than central Batumi. Its greenery and hillside setting offer a peaceful alternative to the city’s busier neighbourhoods.

Pros: Fresh air, panoramic views of the Black Sea and surrounding hills, a private residential atmosphere and convenient access to the Batumi Botanical Garden. The area offers greater privacy and a slower pace of life than central Batumi.

Cons: The choice of shops, cafés and everyday services is more limited. The hilly terrain makes a car highly recommended, while lower levels of tourist and pedestrian activity generally make the area better suited to long-term living than short-term holiday rentals.

✅ Who it suits: Buyers seeking a quieter lifestyle surrounded by nature; retirees and creative professionals who value privacy and space; and families with a car looking for peaceful residential living within easy reach of Batumi.

City
Batumi
District
Green Cape
Address
Tamar Mepe St. 73b

Nearby travel times

Walk to sea
14 min
Walk to park
8 min
Walk to school
6 min
Nearest major mall
Grand Mall
Drive to mall
16 min
Nite Development has projects in Batumi, including Dream Corner and Nite Residence. Public information about the company is still limited, so buyers should focus on the specific project: location, construction stage, layouts, payment terms and current availability. 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 as additional information is confirmed.
More about the developer

Nite Residence

Batumi, Green Cape, Tamar Mepe St. 73b

Price from
59,500 $
Price per m²
1,700 $ / m²