HomeRadar logo
Exclusive
AI Investment Summary

Parnavaz Mepe st. 65 is under construction and has a D investment grade. The model estimates about $4,910 a year in rent after taxes and maintenance costs, with simple payback around 19 years once letting begins. That is a lengthy rental horizon, with construction time still ahead. The chosen apartment's handover terms deserve careful review.

52.5
Final score
52.5
60
Liquidity
60
Net yield
5.2%
Appreciation potential score
42/100
Exit score
39.1/100
Investment grade
D
ADR
40 $
Occupancy
39%
Annual net rent
4,906 $
Primary Strategy: Balanced

Overview

Parnavaz Mepe st. 65 Key benefits: 10 min walk to the sea. 8-storey residential building. 3m ceilings. Only 46 apartments. Location: 65 Parnavaz Mepe St, Batumi. Central district, near 6 May Park, Batumi Sea Port, Argo cable car, 10 min walk to beach, 20 min from airport. Tech: Monolithic-frame. Reinforced concrete frame. Cascading tier formation. Glass balcony railings. Architectural lighting. Passenger elevator. Amenities: Courtyard with landscaping, video surveillance system, commercial premises on first floor (grocery store, coffee shop, yoga studio), underground parking, access roads, pedestrian alleys, recreation areas, trees and shrubs. Units: Studios, 2-3-room apartments (31–181 m²). Ceilings 3m. Basic preparation with installed communications. Purchase terms: Mortgage from TBC Bank.

Project details

Construction status· Under constructionDelivery· 2028Area range· 31.4-181 m²

Finish options

Black frame

Construction technology

Monolithic frame

Elevators

Yes

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
1 house is under construction, next delivery in Q1 2028

Nearby travel times

Walk to sea
29 min
Walk to park
205 min
Walk to school
41 min
Nearest major mall
Metro City Forum AVM
Drive to mall
5 min
Comfort Building has projects in Batumi, including Comfort House and Parnavaz Mepe st. 65. 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

Parnavaz Mepe st. 65

Batumi, Airport, 1 house is under construction, next delivery in Q1 2028

Price from
94,200 $
Price per m²
2,500 $ / m²