Shlomo 117 in Tel Aviv-Yafo

Name: 📣 300$ — discount certificate
Start: 2020-05-11T12:50:35.841971+00:00
End: 2023-12-31T23:59:59+0000
Location: Shlomo 117

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Project info

Object ID: 7251

Finished at	October 2020
Price, m²	From 9400$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Floors	11
Apartments	42
Condition	Turnkey
Construction type	Monolyth
Security	Security
Conveniences	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

282,000$

Net profit

5,906$

Payback period

34.8 years

Avg property value increase per year

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Promos and discounts for Shlomo 117

About the project

Shlomo 117 is a 10-story boutique building with 43 2-3 room apartments, garden apartments and a penthouse.

There are two trading units on the ground floor.

The building is located on Shlomo Street and the back part is graded and faces the garden and the streets of Hzenowitz and Shivat Zion.

The location of the building on the seam between the revitalized immigration complex and South Florentine, and the revitalized Neve Sha'anan neighborhood, is accessible to major traffic routes and is expected to significantly improve in the coming years.

The area is under construction, dozens of buildings are in the planning and construction stages. The streets are undergoing general renovation, pavement renovation, lighting and benches, new businesses are popping up every corner. Already, there has been a positive change in the population composition of the area.

Anyone who follows the real estate market sees that the real estate market in Tel Aviv moves south. This trend is expanding and is only at the tip of the iceberg.

The strong economic forces are pushing the South for significant improvement, whether it is big economic companies making substantial investments, the municipality promoting significant development plans or the young people flocking to these areas, and will change the neighborhoods' faces.

Investors who have made investments in projects in these neighborhoods have already significantly improved their assets, and this is only the beginning, the significant improvement in assets, before us.

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