Argo Family

Batumi, Old Batumi, Nikoloz Baratashvili St, 22

AI Investment Summary

44.8

Final score

44.8

Liquidity

Net yield

6.6%

Capital growth

ADR

USD 91

Occupancy

39%

Annual net rent

USD 9,689

Primary Strategy: Balanced

Overview

Argo Family (Argo Group XXI) Key benefits: 8 min walk to the beach. 8-storey residential building. 3m ceilings. Green frame finish. Location: 22 Nikoloz Baratashvili St, Batumi. Near Batumi Sea Port (740m), Argo cable car station, 20 min from airport. Tech: Monolithic-frame. Architectural lighting. High-capacity elevator. Amenities: Gated courtyard, commercial spaces on ground floor (grocery store, coffee shop, yoga studio), 24/7 video surveillance. Units: Studios, 2-3-room apartments (44–62.2 m²). Ceilings 3m. Green frame finish. Purchase terms: Installment plans. Current discounts available.

Project details

Area range· 44-62.2 m²

Finish options

green frame

Construction technology

monolithic-frame

Elevator

yes

Layouts

Layouts are not published for this project yet.

Location

The Heart of the City, Old European Charm. The most colorful district with narrow cobblestone streets, 19th-century colonial architecture, and the famous seaside boulevard. Home to the port, Europe Square, top restaurants, and souvenir shops. Life here is vibrant 24/7.<ul><li>Pros: Ultimate walkability (everything is steps away), unique historical vibe, panoramic sea and mountain views, high rental liquidity.</li><li>Cons: Noisy at night, extremely difficult parking, highest price per sq.m., many buildings require full renovation.</li><li>✅ Who it suits: Real estate investors (tourists pay a premium for this address), expats seeking authentic European atmosphere, young people without a car.</li></ul>

City

Batumi

District

Old Batumi

Address

Nikoloz Baratashvili St, 22

Argo Group XXI

Argo Group XXI is a Georgian real estate developer with market history since 2017 and 2 completed projects and 2 current projects visible in the portfolio. On HomeRadar, the developer is represented by projects such as Stepane Zubalashvili st.12a, Argo Family, Mamia Komakhidze St, 97, and Revaz Komakhidze St, 7. The portfolio has a clear focus on central Batumi, one of the more recognizable Batumi search locations. The offer is most relevant for buyers who prioritize a specific city location and want to compare the project on its own merits.

Developer score

Established

2017

Projects

2 active · 2 completed