Sunset is complete and has a B investment grade. The model estimates about $5,280 a year in rent after taxes and maintenance costs. Renovation is included in the investment base, giving simple payback close to 10 years. Buyers can inspect the building and chosen apartment before committing. Elt Building has four completed projects. The unit's condition and rental occupancy will shape the actual return.
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Construction technology
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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.
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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.
Sunset
Batumi, Khimshiashvili, Rejeb Nizharaadze St, 20
Financing
Bank
TBC Bank, Liberty Bank
Terms
Mortgage available; down payment from 30%
Provider
Elt Building
Terms
0% installment; up to 36 months; down payment from 30%