All Cases
FlipTbilisi, Vake
Apartment Split Flip — Vake, Tbilisi
Asset Type: Portion of apartment after split, 30 m²
Property price
$60,000
Renovation
$14,000
Strategy
Buy share after apartment split → renovate → resell
Duration
5 months
Result
Sold for $94,000
Profit
+$20,000
Annual ROI
~65%
🧠Why It Worked
- Premium-segment location — Vake is one of Tbilisi's most expensive and liquid districts
- Splitting a large unit into liquid small units
- Price uplift from 'packaging': small units sell at a higher price per m² than large ones
- Fast investment cycle
⚠️Risks & How We Mitigated Them
Risk
Legal complexity of apartment split
Solution
Used a proven and tested legal scheme
Risk
Illiquidity of shares
Solution
Sold as a standalone finished product
Risk
Overvaluation risk
Solution
Benchmarked against demand in small-area segment
Want similar results?
We'll tailor a strategy to your budget and investment horizon