Vitkin 11 in Haifa

Name: 📣 300$ — discount certificate
Start: 2020-05-22T09:09:38.090146+00:00
End: 2023-12-31T23:59:59+0000
Location: Vitkin 11

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Construction

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Project info

Object ID: 7583

Finished at	March 2023
Price, m²	From 6400$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	6
Apartments	15
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Near school Near kindergarten Near supermarket Near hospital
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Return on investment for apartment

with price

8,103$

Rental income

1,103$

Management

689$

Utilities

405$

5% Income tax

5,906$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	32%	10	25$	250$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		194		8103$
Average		52%		37$

Total invested

192,000$

Net profit

5,906$

Payback period

23.7 years

Avg property value increase per year

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About the project

A building for conservation in spectacular mechanistic design. Has been named among the 20 most designing and interesting projects of the year at DOMUS International Italian Magazine.

Gives much respect to the original architecture of esteemed architect Theodore Menkes who designed the original building and its name will be part of the building's name.

Developer

"Buildings - The Strengthening and Renovation Company" has focused its field of activity in the city centers, providing its clients with a p…
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