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AI Investment Summary

Vazha-Pshavela St, 61-63 has a B investment grade. The model estimates about $4,910 a year in rent after taxes and maintenance, with simple payback near 10.5 years once letting starts. The projected return is encouraging, provided the chosen apartment is handed over on schedule.

65.7
Final score
65.7
60
Liquidity
60
Net yield
9.4%
Appreciation potential score
54/100
Exit score
42.6/100
Investment grade
B
ADR
40 $
Occupancy
39%
Annual net rent
4,906 $
Primary Strategy: Balanced

Overview

Vazha-Pshavela St, 61-63 (Batumi Development Alliance) Key benefits: 1km to the sea (approx). 25-storey residential tower. 3m ceilings. Underground parking. Location: 61-63 Vazha-Pshavela St, Batumi. Near Argo cable car (950m), 6 May Park, Batumi Sea Port (1.5 km), 6 km from airport. Tech: Monolithic-frame. Panoramic glazing. High-speed elevators. Amenities: Gated courtyard, paved walkways, lawns, ornamental shrubs, trees, benches, underground parking, commercial spaces with separate street entrances, 24/7 video surveillance, security. Units: Studios, 1-4-bedroom apartments (29–90.5 m²). Ceilings 3m. Finishes: black frame or white frame. Purchase terms: Mortgage from TBC Bank. In-house installment from 30% down.

Project details

Construction status· Under constructionDelivery· 2027Area range· 29-90.5 m²

Finish options

Black frameWhite 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 Q3 2027

Nearby travel times

Walk to sea
29 min
Walk to park
1 min
Walk to school
62 min
Nearest major mall
Metro City Forum AVM
Drive to mall
5 min
Batumi Development Alliance has projects in Batumi, including Vazha-Pshavela St and 61-63. 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

Vazha-Pshavela St, 61-63

Batumi, Airport, 1 house is under construction, next delivery in Q3 2027

Price from
52,220 $
Price per m²
1,200 $ / m²