The Marker, 30.10.2020
investment at 10 HaMa'agal Street, one of the most sought-after areas in the heart of Ramat Gan, was purchased for NIS 2.48 million. In its current condition, the apartment is in good and maintained condition.
According to Daniel Manny, of Moore Properties, which carried out the transaction, the apartment can be rented for NIS 6,500 per month. The rental yield is low, amounting to 3.2%. Renovation of the apartment can increase the rent to NIS 7,500 per month.
The annual return on investment in a NIS 100,000 renovation can be high - 12% - but the annual return on rent will only increase by a slight rate, to 3.5%.
On Sapir Street in Harish, a garden apartment in a six-story building, 5 rooms, 105 sq.m. + 180 sq.m. garden, with storage and parking, sold for NIS 1.22 million .
On Baretz Street in Holon, a 4-room apartment, 95 sq.m., fourth floor out of six, with parking, sold for NIS 1.75 million .
On Hahayal Street in Ramat Gan, a 3-room, 70-square-meter private house built on a 180-square-meter plot, with parking, sold for NIS 2.7 million .
On Oved Ben-Ami Street in Netanya, a 4-room apartment, 122 sq.m., fourth floor out of 20, sold for NIS 1.45 million .
At 11 Tirosh Street in Tel Aviv, a 3-room apartment, 72 sq.m. + 24 sq.m. garden, ground floor out of four, sold for NIS 2.55 million .
At 6 Orlov Street in Petah Tikva, a 5-room apartment, 166 sq.m., eighth floor out of nine, with two parking spaces, sold for NIS 3.2 million .