For Sale: Investment Opportunity – 2 Room Apartment in Greek Colony

This one bedroom apartment is located on Rehov Rabbi Hasda in the Greek Colony, just a few steps away from Emek Refaim in the German Colony.

In terms of location, this is AAA !!!  It’s central to Baka, German Colony, Old Katamon, Mekor Chaim & Talpiyot.  All of life’s conveniences are right at your door step… shopping, restaurants, synagogues, boutiques, malls, industrial center, public transportation and the newly built Rakevet Tayelet (Promenade) that runs from the Old Jerusalem Railroad Station (now a bustling venue for restaurants and entertainment) all the way to Malha Mall near Teddy Stadium.

Rabbi Hasda 6 map

Walking distance to points of interest:

  • Emek Refaim, German Colony – 300 meters – 3 minutes
  • Derech Beit Lechem, Baka – 1.0 km – 10 minutes
  • Kanyon Hadar (Mall), Talpiyot – 1.0 km – 10 minutes
  • HaPalmach, Old Katamon – 1.0 km – 10 minutes
  • Inbal Hotel, Talbiya – 1.8 km – 20 minutes
  • Ben Yehuda, City Center – 3.0 km – 35 minutes
  • Jaffa Gate, Old City – 2.6 km – 30 minutes

One block away on Raban Yonatan Ben Zakai are the conveniences of a local grocery store (makolet), hair salon, pizza restaurant, shawarma restaurant and wine shop … not to mention bus stops in either direction that will take you via public transportation to anywhere in the city.

Features of the apartment:

  • 2 rooms (1 bedroom) & 1 bathroom
  • 42 square meters according to appraiser (30 sm registered in Tabu)
  • 2nd floor with 36 stairs up
  • Quiet dead-end street
  • Ample parking on the street
  • Lots of sun with eastern & northern exposures
  • Newly renovated bathroom including plumbing, tiles & fixtures
  • New plumbing in the kitchen with relatively modern cabinets
  • Enclosed balconies
  • Shikun building where TAMA 38 is being discussed – if approved, apartment will gain a security room (mamad), possibly a balcony plus earthquake reinforcement of the building, new building facade, new lobby & stairwells and elevator.
  • Presently rented long term (1 year or more) at 3,100 ILS a month which will yield approximately 3.4% return on investment.

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Exterior of the building

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Street Parking (midday)

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Street Parking

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Living Room with partition to bedroom

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Kitchen – note that there’s lots of cabinets – laundry just to the left

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Newly renovated bathroom

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Windows & shutters (about 10 years old)

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Windows & Shutters (2)

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View of Living Room & Kitchen from the Bedroom

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Partition into the bedroom

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Side view of the Kitchen looking into the laundry area

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Stores etc along Raban Yonatan Ben Zakai

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Rekevet Tayelet (Promenade)

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Purchase Price: 1,120,000 ILS 

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

or send an inquiry here:

Agency fee equal to 2% of Purchase Price plus VAT applies

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