For Sale: Studio & 1 Bedroom Apartment in Nachlaot – A Rare Investment Opportunity

About the Location

Hidden away in one of the most desirable areas of Jerusalem is 8 Messilat Yesharim in Nachlaot. This property is walking distance to the City Center, Mahane Yehuda market, the central bus station, The Great Synagogue, Ben Yehuda pedestrian mall, Jaffa Road, the Knesset, Hebrew University and the Old City. The neighborhood is home to both religious and non-religious residents.  And there are plenty of boutiques, shops and coffee houses just steps away.

About the Property

* Located on the ground floor
* Studio plus separate 1 bedroom apartment
* Designed as vacation homes for short term rental
* Both apartments can be rented separately or jointly
* Newly renovated with quality finishes (including AC)
* Fully furnished including kitchen & household items
* Each unit has a kitchenette and bathroom with shower
* Studio apartment has a private entrance, garden & deck

Studio

    

          

One Bedroom

  

    

Investment Opportunity

This apartment was designed to accommodate short term vacation rentals.  The studio apartment earns approximately $500 per week (average) and the 1 bedroom $600 per week (average).  Occupancy rate is 80% annually.  Net income from both apartments is approximately $3,000 a month.  Return on investment is 8.5% based on the purchase price.

Purchase Price:  1,650,000 ILS   (approx. $420,000 USD)

For more information, contact
Francine Bork, Licensed Real Estate Broker
JerusalemIsraelRealEstate.com
Cell:  054-7980813    USA:  347-828-7889

Agency fee equal to 2% of Purchase Price plus VAT
Broker Participation Welcome

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s