Yaarot 23 in Haifa

Name: 📣 300$ — discount certificate
Start: 2020-05-25T09:26:51.742531+00:00
End: 2023-12-31T23:59:59+0000
Location: Yaarot 23

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Project info

Object ID: 7631

Finished at	August 2020
Price, m²	From 6200$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	7
Apartments	11
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

186,000$

Net profit

5,906$

Payback period

23.0 years

Avg property value increase per year

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About the project

The building at 23 Ha'arot Street in Haifa was built in the early 1970s and consisted of a total of 6 apartments on 3 floors, above a pillar and a masonry. The four existing apartments there.

Eshet-Surin Initiative and Construction Ltd. has managed to overcome all the planning and legal obstacles, including neighboring and appeal committees.

As part of the reinforcement, an additional 25 square meters will be added to each of the existing apartments, including a fully equipped area, a balcony, a modern elevator, the building's coating, neat laundry mysteries and more.

A total of 5 new apartments will be added to the existing building, two half new floors and the pillar floor.

There is no doubt that the value of apartments in the area will increase by tens of percent, in addition to strengthening the building against earthquakes and the safety of the apartments, which will increase infinitely.

The construction of the project is underway, the completion of the existing, new floors and new apartments under construction is completed.

Developer

Eshet-Sorin Initiative and Construction Ltd. specializes and focuses on the initiation, planning and execution of TAMA type 38 projects, mai…
Details about Eshet-Surin