Meron 2 in Tel Aviv-Yafo

Name: 📣 300$ — discount certificate
Start: 2020-05-11T11:51:56.603543+00:00
End: 2023-12-31T23:59:59+0000
Location: Meron 2

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Construction

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Project info

Object ID: 7241

Finished at	September 2022
Price, m²	From 11000$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	5
Apartments	15
Condition	Turnkey
Construction type	Monolyth
Security	Intercom CCTV Security
Conveniences	Parking Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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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

330,000$

Net profit

5,906$

Payback period

40.7 years

Avg property value increase per year

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About the project

The Meron 2-4 project is a boutique building with 34 carefully designed apartments that match the nature of the area.

The location of the building stands out in its quality, a wide and wide corner lot that allows for optimal planning. The building has 3 entrances, a covered patio, an underground car park and warehouses. On the entrance floor are commercial areas.

The revitalized Neve Sha'anan neighborhood is a cornerstone for developers, contractors and private real estate investors. The pace of construction renewal is at an all-time high.

The location of the building in the center of the most advanced area of the neighborhood, the Triangle Streets: The eye of the reader - Miron - Eiger, with maximum accessibility to major traffic routes, already guarantees excellent real estate and, in particular, a significant improvement over the coming years. The streets are undergoing general renovation, renovation of sidewalks, lighting, benches and new businesses are popping up in every corner.

Some of the reasons for the development of the area are; The new central station complex, the price of the station broke records and these days the complex plan is actually being formulated. The old central station, purchased at a significant price of NIS 560 million, with a complex of 1000 housing units, combining commercial and public buildings.

Developer

Ewave Nadlan specializes in initiating and managing real estate projects. At its center of action are two main values - High potential f…
Details about Ewave Nadlan