Property Description

Turnkey Investment Portfolio in Avlabari 5 Income-Generating Apartments with Panoramic Terraces Located on Ketevan Tsamebuli Avenue, in one of Tbilisi's most historic and tourist-oriented areas, this turnkey investment property offers a rare opportunity to acquire a fully operational portfolio comprising five independent, hotel-style apartments. The property spans 520 sq.m. across the 11th and 12th floors of a modern residential building, is fully renovated and furnished, and is currently generating stable rental income, allowing the new owner to acquire an income-producing asset without the need for additional renovation or capital expenditure. Property Structure & Layout * Total area: 520 sq.m. * Two levels: 11th and 12th floors * 3 apartments: 3-room layouts with 2 bedrooms, including a master bedroom with a private en-suite bathroom * 2 apartments: 2-room layouts with 1 bedroom * Condition: Fully renovated, furnished and equipped with household appliances Key Investment Highlights Panoramic Views & Spacious Terraces Two of the apartments feature generous summer terraces overlooking panoramic views of Tbilisi. These outdoor spaces significantly enhance the properties' appeal and can command a premium in both the short-term and long-term rental markets. Functional, High-Comfort Layouts The apartments feature well-designed layouts, with master bedrooms and private en-suite bathrooms in the larger units. This level of comfort is particularly attractive to international tenants, business travelers and tourists seeking a higher standard of accommodation. Turnkey, Income-Producing Asset The property requires no additional renovation or significant capital investment. It is being offered as a fully operational portfolio with existing tenants and established rental income, providing an investor with the opportunity to step directly into an income-generating asset. Investment Potential The portfolio is well suited for a range of rental strategies, including: * High-end short-term accommodation through platforms such as Airbnb and Booking.com * Mid-term rentals for international professionals, students and relocating tenants * Long-term residential leasing The five-unit structure also provides the advantage of diversified rental income, reducing reliance on a single tenant or unit while allowing the owner to optimize the portfolio according to market demand. Prime Avlabari Location Ketevan Tsamebuli Avenue offers excellent access to Old Tbilisi, the metro, restaurants, cafés and major cultural and tourist attractions, making the location particularly attractive for both international visitors and long-term tenants. An established income-producing portfolio in a high-demand central location, combining scale, multiple independent rental units, panoramic views and turnkey operation.