meskhishvili St. Project in avlabari
Sold as: Active properties with an Airbnb account
Located in old Tbilisi, in the district of Avlabari, these 3 tastefully decorated and fully equipped apartments with terraces and amazing views is currently our largest individual project to date. While being located near the centre of Tbilisi, the neighbourhood is very peaceful and quiet as the main cathedral of the Georgian Orthodox Church ”Holy Trinity Cathedral” is just across the building.
In 2018, at the time of sale there were only 50 reviews for all three of the apartments, since then we have generated 497 positive reviews and have held a Superhost status on the Airbnb account since May of 2018.
After the sale, Meskhishvili apartments not only exceeded rental expectations, but have increased in value by quite a large margin. Project was sold for but $445,000 near the end of 2018 and in just 3 years it has been evaluated at $522,000, an increase of over 17% in total value.
you can see annual rental income for each of the apartments below