INGOrokva st. project in MTATSMINDa
Renovated from scratch
This 55 sq.m apartment, located on Ingorokva street, 2 min. from Rustaveli avenue, right behind of the historic parliament building is one of our favorite projects we’ve been working on.
This tastefully decorated apartment has unique qualities to it, with the large circular window looking over the living room from the upstairs bedroom it offers great contrast between the historic building’s vintage exterior and apartment’s modern interior.
Ingorokva 20 apartment, relative to its small size, is one of the best performing apartments that we manage. Starting from the July of 2019 the apartment was generating average revenues of 1,700 USD, with the performance not decreasing even during the height of the pandemic throughout 2021 – averaging 1,535 USD revenues per month.
As you can see from the “Before” pictures the apartment was in terrible condition and through the help of our designers at DoDo Designs we managed to turn it into what you see now with a very small budget of just under $17,000.
You can see annual rental income below