Investing in an apartment in Jerusalem offers a turnkey investment opportunity, with a convenient central location and an existing long-term tenant. Here are the key details and benefits of this investment:
1. Turnkey Investment: This apartment is a ready-to-go investment, allowing you to start generating income immediately. With an existing tenant in place, you can avoid the hassle of finding tenants, negotiating leases, and managing the property from scratch.
2. Central Location: The apartment’s central location in Jerusalem provides excellent accessibility to amenities, transportation, and popular attractions. This prime location enhances the property’s appeal and rental potential, making it attractive to tenants.
3. Two-Bedroom Apartment
4. Competitive Rental Income: The rental income of 7,000 NIS per month offers a steady cash flow. The existing long-term tenant ensures a reliable rental stream, reducing the risk of vacancies and maximizing the return on your investment.
5. Low Operational Overhead: With an already established long-term tenant, the property’s utility and maintenance expenses become the tenant’s responsibility. This means you can enjoy a hassle-free investment without the headache of managing utilities, gas, water, electricity, and city taxes.
6. Potential for Appreciation: Jerusalem’s real estate market has shown a history of appreciation over time. As an investor, you have the potential to benefit from the property’s appreciation, which can increase the value of your investment in the long term.
7. Diverse Investment Portfolio: Adding a residential apartment to your investment portfolio provides diversification. Real estate investments often offer stability and act as a hedge against market volatility, making it a valuable addition to your overall investment strategy.
With a turnkey investment, a central location, an existing long-term tenant, and low operational overhead, this apartment presents a compelling investment opportunity. Consider the asking price of 3 million NIS and the rental income of 7,000 NIS per month to evaluate the potential return on your investment. Conduct a thorough analysis of the market, consult with real estate professionals, and review the lease agreement to ensure the investment aligns with your financial goals. Don’t miss the chance to secure a hassle-free income-generating property in the heart of Jerusalem.