Meron 1 in Tel Aviv-Yafo

Name: 📣 300$ — discount certificate
Start: 2020-05-11T12:39:01.889371+00:00
End: 2023-12-31T23:59:59+0000
Location: Meron 1

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Construction

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Project info

Object ID: 7249

Finished at	September 2020
Price, m²	From 9940$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	7
Apartments	42
Condition	Turnkey
Construction type	Monolyth
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

298,200$

Net profit

5,906$

Payback period

36.8 years

Avg property value increase per year

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About the project

The Meron 1 project is a 6-story independent boutique building with 19 units of 3 rooms, a duplex with 5 rooms and a penthouse with 4 rooms, for all units a sun terrace and parking.

The units are carefully designed and match the nature of the area. The underground parking building. On the entrance floor there are 5 commercial units.

The revitalized Neve Sha'anan neighborhood is a cornerstone for developers, contractors and private real estate investors. The pace of construction renewal is at its peak.

In accordance with comprehensive research findings we conducted in the area that analyzes the new target audience for rent and living and leisure habits, the units are designed so that on the one hand it is not small and dense and on the other it is not wide and wasteful, just ideal for tenants.

The location of the building in the center of the most revitalized area in the neighborhood, adjacent to the new major project of housing and construction companies and Levinstein in the docks of the old central station, a touching distance from the City of Tel Aviv, Levontin and Rothschild Street, with maximum access to major traffic routes, guarantees real estate today And, in particular, the possibility of significant improvement in the coming years.

The streets are currently undergoing general renovation - new sidewalks, lighting, benches and new businesses are popping up every corner. At the same time, there was a positive change in population composition.

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