Modern Residence

Batumi, Chaobi, Vazha-Pshavela St, 53

AI Investment Summary

56.7

Final score

56.7

Liquidity

Net yield

10.3%

Capital growth

44.3

ADR

USD 91

Occupancy

54%

Annual net rent

USD 13,415

Primary Strategy: Balanced

Overview

Modern Residence Key benefits: 850m to the sea. Two 16-storey premium-class towers. Solar panels for energy backup. Individual heating systems. Location: 53 Vazha-Pshavela St, Batumi. Old Town district, near Batumi Boulevard, cable car, 6 May Park, 15 min from airport. Tech: Monolithic-frame (Doka Dek system). Alucobond insulation. Reynobond aluminum facade panels. German Kleemann elevators. Smart Home system. Amenities: Landscaped grounds, children's playground, sports zone, underground parking for 40 cars, surface guest parking, 24/7 reception, security, CCTV, property management for cleaning, concierge, transfers, rental support. Units: Studios, 1-3-bedroom apartments (31.5–137.3 m²). Finishes: black frame, white frame, or turnkey. Purchase terms: Contact sales office for pricing and options.

Project details

Area range· 31.5-137.3 m²

Finish options

black framewhite frameturn key

Construction technology

monolithic-frame

Parking

underground

Security & Safety

24/7 securityCCTVReception

Layouts

Layouts are not published for this project yet.

Location

The Main Transport Artery & Business Hub. This area stretches along the main avenue from the sea to the bypass road. It concentrates offices, banks, major malls (Metro City, Goodwill), and government institutions. A dynamic, urban lifestyle.<ul><li>Pros: Developed infrastructure (supermarkets, pharmacies), easy access to the main highway, modern business centers, great upper-floor panoramic views.</li><li>Cons: Traffic noise and air pollution, about 5-10 minutes by car to reach the beach.</li><li>✅ Who it suits: Business professionals and remote workers (close to co-working spaces), families needing schools/clinics nearby, buyers with a car.</li></ul>

City

Batumi

District

Chaobi

Address

Vazha-Pshavela St, 53

Elit Msheni

Elit Msheni has projects in Batumi, including Modern Residence. 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.

Developer score

Established

2015

Projects

1 active · 0 completed