CASE STUDIES
Turning Real Estate Potential
into Proven Results
From Potential to Property Value
Acquired in 2019, this 68 sqm, two-bedroom apartment is located in the historic Sololaki district of Old Tbilisi. Accessed through a quiet courtyard, the property was carefully renovated, furnished, and transformed into an inviting short-term rental for visitors seeking an authentic local experience.
Today, it combines ongoing rental income with significant estimated property value appreciation.
$15.6K
ANNUAL OPERATING INCOME
After reported operating expenses
$200–210K
2026 EST. VALUE
Current estimated property value
$95K
INITIAL INVESTMENT
Purchase, renovation & furnishing
8%
ANNUAL OPERATING YIELD
Based on current estimated value
The Art of Property Transformation
Located in Tbilisi’s Old Town, this apartment is part of a preserved historic building that once housed the city’s first pharmacy. Purchased in 2021, its soaring ceilings and original character offered exceptional architectural potential. A thoughtful renovation transformed it into a distinctive, income-generating property blending historic charm with modern comfort. With an initial investment of $115,000, its estimated value has reached $200,000 — a 74% increase, alongside approximately $15,000 in annual operating income.
$15K
ANNUAL OPERATING INCOME
After reported operating expenses
$185-200K
2026 EST. VALUE
Current estimated property value
$115K
INITIAL INVESTMENT
Purchase, renovation & furnishing
9%
ANNUAL OPERATING YIELD
Based on current estimated value
90 SQM, From Great Value to Premium Stay
Acquired below market value through a time-sensitive investment opportunity, this 90 sqm apartment overlooks a charming courtyard in Old Tbilisi. An extensive renovation unlocked the property's potential, alongside a complex registration process that formally incorporated previously unregistered areas of the apartment and attic. Transformed into a premium holiday rental, the property has become a top-performing Airbnb listing, achieving over 90% occupancy.
$15.6K
ANNUAL OPERATING INCOME
After reported operating expenses
$15.6K
ANNUAL OPERATING INCOME
After reported operating expenses
$15.6K
ANNUAL OPERATING INCOME
After reported operating expenses
$15.6K
ANNUAL OPERATING INCOME
After reported operating expenses
Small Space, Prime Location
What can you do with just 36 sqm?
In the heart of Tbilisi’s Old Town, this charming studio overlooking a peaceful inner courtyard proves that great investments come in small spaces.
Every corner was thoughtfully designed to create the feel of a boutique hotel suite, combining style, comfort, and functionality.
With a total investment of just $60,000, the property now generates over $13,000 in annual operating income, with an estimated market value of $105,000-$110,000 in 2026.
+$13K
ANNUAL OPERATING INCOME
After reported operating expenses
$105-110K
2026 EST. VALUE
Current estimated property value
$60K
INITIAL INVESTMENT
Purchase, renovation & furnishing
12%
ANNUAL OPERATING YIELD
Based on current estimated value
A Hidden Gem on Asatiani Street
Nestled in Tbilisi’s Old Town, this one-bedroom apartment is accessed through a charming Italian-style courtyard with views of the surrounding hills.
Its ground-floor location offers easy access for travelers with luggage, while a thoughtful renovation transformed it into an attractive short-term rental with occupancy rates exceeding 82%.
Originally purchased, renovated, and furnished for $115,000, the property now generates approximately $14,500 in annual operating income, with an estimated 2026 market value of $170,000-$190,000.
$14.2K
ANNUAL OPERATING INCOME
After reported operating expenses
$170-190K
2026 EST. VALUE
Current estimated property value
$115K
INITIAL INVESTMENT
Purchase, renovation & furnishing
+82%
OCCUPANCY RATE
Reported short-term rental occupancy
9%
ANNUAL OPERATING YIELD
Based on current estimated value
$250–270K
2026 EST. VALUE
Current estimated property value
90 SQM, From Great Value to Premium Stay
Acquired below market value through a time-sensitive investment opportunity, this 90 sqm apartment overlooks a charming courtyard in Old Tbilisi. An extensive renovation unlocked the property's potential, alongside a complex registration process that formally incorporated previously unregistered areas of the apartment and attic. Transformed into a premium holiday rental, the property has become a top-performing Airbnb listing, achieving over 90% occupancy.
$17.6K
ANNUAL OPERATING INCOME
After reported operating expenses
$175K
INITIAL INVESTMENT
Purchase, renovation & furnishing
12%
ANNUAL OPERATING YIELD
Based on current estimated value
$105-110K
2026 EST. VALUE
Current estimated property value
Small Space, Prime Location
What can you do with just 36 sqm?
In the heart of Tbilisi’s Old Town, this charming studio overlooking a peaceful inner courtyard proves that great investments come in small spaces.
Every corner was thoughtfully designed to create the feel of a boutique hotel suite, combining style, comfort, and functionality.
With a total investment of just $60,000, the property now generates over $13,000 in annual operating income, with an estimated market value of $105,000-$110,000 in 2026.
+$13K
ANNUAL OPERATING INCOME
After reported operating expenses
$60K
INITIAL INVESTMENT
Purchase, renovation & furnishing
+82%
OCCUPANCY RATE
Reported short-term rental occupancy
$170-190K
2026 EST. VALUE
Current estimated property value
A Hidden Gem on Asatiani Street
Nestled in Tbilisi’s Old Town, this one-bedroom apartment is accessed through a charming Italian-style courtyard with views of the surrounding hills.
Its ground-floor location offers easy access for travelers with luggage, while a thoughtful renovation transformed it into an attractive short-term rental with occupancy rates exceeding 82%.
Originally purchased, renovated, and furnished for $115,000, the property now generates approximately $14,500 in annual operating income, with an estimated 2026 market value of $170,000-$190,000.
$14.2K
ANNUAL OPERATING INCOME
After reported operating expenses
$115K
INITIAL INVESTMENT
Purchase, renovation & furnishing
$200–210K
2026 EST. VALUE
Current estimated property value
$15.6K
ANNUAL OPERATING INCOME
After reported operating expenses
From Potential to Property Value
Acquired in 2019, this 68 sqm, two-bedroom apartment is located in the historic Sololaki district of Old Tbilisi. Accessed through a quiet courtyard, the property was carefully renovated, furnished, and transformed into an inviting short-term rental for visitors seeking an authentic local experience.
Today, it combines ongoing rental income with significant estimated property value appreciation.
$95K
INITIAL INVESTMENT
Purchase, renovation & furnishing
8%
ANNUAL OPERATING YIELD
Based on current estimated value
9%
ANNUAL OPERATING YIELD
Based on current estimated value
$115K
INITIAL INVESTMENT
Purchase, renovation & furnishing
The Art of Property Transformation
Located in Tbilisi’s Old Town, this apartment is part of a preserved historic building that once housed the city’s first pharmacy. Purchased in 2021, its soaring ceilings and original character offered exceptional architectural potential. A thoughtful renovation transformed it into a distinctive, income-generating property blending historic charm with modern comfort. With an initial investment of $115,000, its estimated value has reached $200,000 — a 74% increase, alongside approximately $15,000 in annual operating income.
$15K
ANNUAL OPERATING INCOME
After reported operating expenses
$185-200K
2026 EST. VALUE
Current estimated property value