Hankin 17 in Holon

Name: 📣 300$ — discount certificate
Start: 2020-05-21T09:29:58.273808+00:00
End: 2023-12-31T23:59:59+0000
Location: Hankin 17

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Construction

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Project info

Object ID: 7541

Finished at	October 2019
Price, m²	From 6800$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	6
Apartments	18
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

204,000$

Net profit

5,906$

Payback period

25.2 years

Avg property value increase per year

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About the project

For over 5 (!) Years, the tenants have examined no less than 10 different entrepreneurs, but the project failed to move forward. Among other things, due to lack of professionalism, lack of credibility and lack of interpersonal communication required for such projects.

However, after "Together Group" completed the most beautiful project in Holon City on Pier Koenig 12 - tenants at Hankin 17 set - this is the standard for us and chose "Together Group" to lead the project, together with their neighbors Hankin 15 and Hankin 17.

The old building suffers from weak foundations that cause cracks in the apartments, rotten infrastructure, severe liquid leakage in the roof, and an old sewer system that often overflows and floods the non-emergency shared shelter.

The building will add 2.5 floors, one ground floor housing unit (garden apartment). The building will change its face unmistakably and will become a luxurious, modern and safe residential building.

Developer

Together Group has been active in the construction industry for about 35 years and behind it a wide range of quality and complex projects. T…
Details about Together Group