Remez 30 in Jerusalem

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Start: 2020-05-21T09:05:32.197748+00:00
End: 2023-12-31T23:59:59+0000
Location: Remez 30

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Construction

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Project info

Object ID: 7535

Finished at	October 2018
Price, m²	From 5500$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	8
Apartments	28
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

165,000$

Net profit

5,906$

Payback period

20.4 years

Avg property value increase per year

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About the project

The owners of the building went on a 7-year journey between various developers, but no entrepreneur was able to promote the project. Among other things, due to lack of professionalism, lack of credibility and lack of interpersonal communication required for such projects.

The tenants visited projects that the group together completed, and they had no doubt - anyone who could promote the project together group. Among other things, the occupants visited Beer Ora 5, Beer Ora 7, where similar building volumes are involved.

From the moment the "group together" entered the picture and received the tenants' trust, within a very short period of time a building permit was obtained.

The building will add 2.5 floors, two ground floor housing units (garden apartments). The building will change its face unmistakably and will become a luxurious, modern and safe building and will in fact be one of the most luxurious and high-quality projects in the city of Yehud.

Expect to finish construction - about a year and a half.

In accordance with the Group's policy, the project will be accompanied by a full Bank Hapoalim banker, which will provide assurance and peace of mind to the apartment owners that the project will begin and end on time.

The building will upgrade the entire street, the apartment owners will significantly increase the value of their apartments (an average of about 700,000).

The cornerstone ceremony was attended by the Mayor of Yehud, Adv.

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